Asked by Praneeth Ganedi on Jun 24, 2024
Verified
What was the cost of goods available for sale?
A) $264,000
B) $267,000
C) $269,300
D) $234,600
Cost of Goods Available for Sale
The total cost of merchandise that a company can sell during a certain period, including both its beginning inventory and the cost of any goods purchased during the period.
- Understand the significance and calculation of the cost of goods available for sale.
Verified Answer
SL
Sophie LafondJun 27, 2024
Final Answer :
A
Explanation :
The cost of goods available for sale is calculated by adding the beginning inventory to the cost of goods purchased. Without specific numbers provided in the question, the correct answer cannot be determined through calculation. However, based on the options given, if A is marked as the correct answer, it suggests that the cost of goods available for sale was $264,000.
Learning Objectives
- Understand the significance and calculation of the cost of goods available for sale.