The Ivanhoe Store had a beginning inventory on January $1$ of $310$ full$-$size strollers at a cost of $ $210$ per unit. During the year, the following purchases were made: At the end of the year, there were $35$ units on hand. The Ivanhoe Store uses a periodic inventory system. $($a$)$ Determine the cost of goods available for sale. Cost of goods available for sale $The Ivanhoe Store had a beginning inventory on January $1$ of $310$ full$-$size strollers at a cost of $$210$ per unit. During the year, the

following purchases were made:

At the end of the year, there were $35$ units on hand. The Ivanhoe Store uses a periodic inventory system.

$($a$)$

Correct Answer

Your answer is correct.

Determine the cost of goods available for sale.

Cost of goods available for sale

$

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Solution

$($b$)$

During the year, The Ivanhoe Store sold the strollers for $$310$ per unit.

Calculate the number of units sold during the year and total sales revenue.

Number of units sold

units