Cost of Goods Sold and the Periodic System Hermani Company uses the periodic inventory system. Hermani started the period with $20,000 in inventory. The Company purchased an additional $25,000 of...

Extracted text: Cost of Goods Sold and the Periodic System Hermani Company uses the periodic inventory system. Hermani started the period with $20,000 in inventory. The Company purchased an additional $25,000 of merchandise and returned $3,000 for a full credit. If Hermani's cost of goods sold during the period was $35,000, what must have been the total of the physical inventory count? $ Next page Previous page Save Answers