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The following information is available for Naab Company for 2019: Freight-in30,000 Purchase returns75,000 Selling expenses150,000 Ending inventory260,000 The cost of goods sold is equal to
The following information is available for Naab Company for 2019:
Freight-in30,000
Purchase returns75,000
Selling expenses150,000
Ending inventory260,000
The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?
Select one:
a. 890,000.
b. 815,000.
c. 860,000.
d. 600,000.
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