What is the cost of goods available for sale for the year?
Stone Beauty, Inc. is a merchandiser of stone ornaments. The company sold 8000 units during the
year. The company has provided the following information:
A) $363,000
B) $320,000
C) $349,000
D) $335,000
A) $363,000
Cost of goods available for sale = Beginning Merchandise Inventory + Purchases + Freight
In = $46,000 + $303,000 + $14,000 = $363,000
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