Marcus Company had a beginning inventory of $390. During the year, the company purchased inventory of $2,900 and made sales for $3,500. Selling cost amounted to $250. The ending inventory balance was $450. What is the cost of goods sold of Marcus Company?

The first step in writing a report is to __________.

a. prepare a work plan b. implement your research strategy c. compose the first draft d. analyze the problem and purpose

Annual property taxes that are paid at the end of the year.

a. Prepaid expense b. Accrued expense c. Unearned revenue d. Accrued revenue e. None of these