Bufford Corporation had reported the following (LO) amounts at December 31, 2017: sales revenue ($ 184,000), ending
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Bufford Corporation had reported the following (LO) amounts at December 31, 2017: sales revenue \(\$ 184,000\), ending inventory \(\$ 11,600\), beginning inventory \(\$ 17,200\), purchases \(\$ 60,400\), purchase discounts \(\$ 3,000\), purchase returns and allowances \(\$ 1,100\), freight-in \(\$ 600\), and freight-out \(\$ 900\). Calculate the cost of goods available for sale.
(a) \(\$ 69,400\).
(c) \(\$ 56,900\).
(b) \(\$ 74,100\).
(d) \(\$ 197,700\).
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Financial Accounting Tools For Business Decision Making
ISBN: 9781119316022
8th Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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