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Whitney Company's Cost of Goods Available for Sale for 2014 was $610,000. Which of the following statements is true?
If the beginning inventory was $95,000, the Cost of Goods sold was $705,000.
If the merchandise inventory at the end of the year was $100,000, the Cost of Goods Sold was $510,000.
If the beginning inventory was $95,000, the Cost of Goods Sold was $515,000.
If the merchandise inventory at the end of the year was $100,000, the Cost of Goods Sold was 710,000.
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