Question
Stone Beauty, Inc. is a merchandiser of stone ornaments. The company sold 8,000 units during the year. The company has provided the following information:
Stone Beauty, Inc. is a merchandiser of stone ornaments. The company sold 8,000 units during the year. The company has provided the following information: Sales Revenue Purchases (excluding freight in) $571,000 300,000 Selling and Administrative Expenses 67,000 Freight In 14,000 Beginning Merchandise Inventory 46,000 Ending Merchandise Inventory 42,000 What is the cost of goods available for sale for the year?
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