The following information was obtained from the accounts of Foxx Company: Beginning Inventory .................................. $20,000 Purchases ............................................ 40,000 Purchase Returns and Allowances ...................... 2,000 Purchase Discounts ................................... 4,000 Freight-In ........................................... 5,000 Ending Inventory
..................................... 10,000 Freight-Out .......................................... 6,000 Given this information, the cost of goods available for sale is
a. $65,000.
b. $59,000.
c. $69,000.
d. $61,000.
B
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