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GeCo begins 20X4 with merchandise costing $69,000. 20X4 sales are $233,000, purchases are $198,000, and...

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Accounting

GeCo begins 20X4 with merchandise costing $69,000. 20X4 sales are $233,000, purchases are $198,000, and ending inventory is $81,000. GeCo's 20X4 cost of goods sold is.....

(a) $245,000 (b) $221,000 (c) $210,000 (d) $186,000

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