Question
Robbinsdale, Inc. is a merchandiser of stone ornaments. The company sold 7,000 units during the year. The company has provided the following information: Sales Revenue
Robbinsdale, Inc. is a merchandiser of stone ornaments. The company sold 7,000 units during the year. The company has provided the following information:
Sales Revenue $587,000
Purchases (excluding freight in) 305,000
Selling and Administrative Expenses 66,000
Freight In 13,000
Beginning Merchandise Inventory 43,000
Ending Merchandise Inventory 43,000
What is the cost of goods available for sale for the year?
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Financial Accounting Longman Modular Texts In Business And Economics
Authors: Christopher Waterston, Anne Britton
2nd Edition
058238169X, 978-0582381698
