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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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