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Ivanhoe Toys Company has a balance in inventory of $628400 at the beginning of the month. During the month Ivanhoe purchases additional irventory of $7654800.

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Ivanhoe Toys Company has a balance in inventory of $628400 at the beginning of the month. During the month Ivanhoe purchases additional irventory of $7654800. Ivanhoe has sales during the month of $9868400 with related cost of goods sold on these sales of $7387400. Ivanhoe uses the periodic inventory system. What is Ivanhoe's cost of goods available for sale? $267400$8283200$895800$8015900

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