Farley company had beginning inventory of $15k mar 1, 2006. during the month, the company made purchases of $40k. the inventory at the end of the month is $17,300. what is cost of goods sold for the month of march?

The cost of goods sold for the month of March is $37,700

Explanation:

Opening inventory : The inventory which is in the beginning year

Purchase : The inventory which is purchased during a year is recorded under purchase account of inventory

Closing inventory : It is ended inventory which is recorded at the end of the year in the books of accounts.

The computation of cost for goods sold for the month of march is shown below:

= Opening inventory + Purchase - closing Inventory

= $15,000 + $40,000 - $17,300

= $37,700

Hence, the cost of goods sold for the month of March is $37,700

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.