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For the current year, the following data were taken from the accounting records: Sales$900,000 Sales Returns and Allowances30,000 Purchases500,000 Purchase Returns and Allowances8,000 Purchase Discounts4,000

For the current year, the following data were taken from the

accounting records:

Sales$900,000

Sales Returns and Allowances30,000

Purchases500,000

Purchase Returns and Allowances8,000

Purchase Discounts4,000

Freight-in2,000

Beginning Inventory90,000

Ending Inventory130,000

What was the cost of goods available for sale?

Question 51 options:

$620,000

$580,000

$530,000

$450,000

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