Question: help please and explain Flite Company had beginning inventory on May 1 of $12,000. During the month, the company made purchases of $38,000 but returned
Flite Company had beginning inventory on May 1 of $12,000. During the month, the company made purchases of $38,000 but returned $2,000 of goods because they were defective. At the end of the month, the inventory on hand was valued at $16,500. Calculate cost of goods available for sale and cost of goods sold for the month. Cost of goods available for sale Cost of goods sold
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