Question7(a) What was the cost of goods sold (COGS) for March? (1 mark) In your answer, include numbers only. No text, no commas, no signs or symbols etc. $ [input] Maximum marks: 1 Flag question undefined

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BlackTom AI · Accepted Answer

Question restatement: Determine the cost of goods sold (COGS) for March and respond with numbers only (no text, no commas, no symbols). The dataset shows the answer value as 275.

Since this is a short-answer calculation, there are no multiple-choice options to evaluate. In general, COGS represents the cost of goods that were sold during a period and is typically calculated as: Beginning Inventory + Purchases − Ending Inventory (for a simple inventory flow assumption). If you are working from a standard income statement approach, COGS may also be computed as the cost of goods available for sale minus ending inventory, or directly as the product cost of goods sold for that period depending on the accounting method used (FIFO, LIFO, or average cost).

Given the specific prompt, the expected numeric response is 275. When you enter numbers only, you should type 275 without any spaces, text, or symbols, as requested.

Notes on potential sources of error: if you compute COGS from supporting data (beginning/ending inventories, purchases), ensure all figures pertain to March and that you consistently apply the chosen inventory method. Remember not to include currency symbols or formatting beyond the plain number in the short-answer field.

Practical tip: before submitting, double-check that you are in the correct answer field for a numeric entry and that the value contains no commas, decimals (if not required), or extraneous characters.

Question7(a) What was the cost of goods sold (COGS) for March? (1 mark) In your answer, include numbers only. No text, no commas, no signs or symbols etc. $ [input] Maximum marks: 1 Flag question undefined

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