Gabrio Inc. is a merchandising company. Last month the company's merchandise purchases totaled $87,000. The company's beginning merchandise inventory was $19,000 and its ending merchandise inventory was $11,000. What was the company's cost of goods sold for the month

$95,000

Explanation:

Given the following ;

Merchandise purchase total for the month = $87,000

Beginning merchandise inventory = $19,000

Ending merchandise inventory = $11,000

Cost of goods sold (COGS) is given by the formula ;

Cost of goods sold = Beginning inventory + purchases - ending inventory

Cost of goods sold = $87,000 + $19,000 - $11,000

Cost of goods sold = $95,000

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