The following account balances appear on a year-end trial balance: Merchandise Inventory, $65,000; Purchases, $250,000; Sales, $600,000; Freight-in, $8,500; Sales Returns and Allowances, $7,000; and Purchase Returns and Allowances, $4,000. The ending inventory is $45,000. What is the cost of goods sold

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.