Answer:
Cost of goods sold for the year are $19,300
Explanation:
Cost of goods sold for the year = Cost of inventory sold for the year = Beginning Inventory of the year + Purchasing inventory for the year - Ending Inventory for the year
Bryers Incorporated has beginning Inventory inventory of $6,300. During the year, the company purchases additional inventory for $21,300. At the end of the year, the cost of inventory remaining is $8,300
Cost of goods sold for the year = $6,300 + $21,300 - $8,300 = $19,300
