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Answer :
The Bierman's Cost of Goods Sold totals $40,000.
The Cost of Goods Sold is computed as the product of the number of units of the ovens sold by the unit cost price.
Data and Calculations:
Number of units bought = 300
Cost price per unit = $200
Cost of purchases = $60,000 (300 x $200)
Number of units sold = 200
Sales price per unit = $300
Cost of Goods Sold = $40,000 (200 x $200)
Thus, the cost of goods sold is $40,000.
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