Opera Corporation began the year with $8,000 in inventory. During the year, Opera purchased $23,000 in inventory. An end of the year count showed $6,000 in inventory. What is Opera cost of goods sold for the year?

a. $15,000
b. $8,000
c. $21,000
d. $25,000
e. $23,000

Answer: d. $25,000

Business

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