Question

Fontana Manufacturing provided the following information for the month ended March​ 31:Sales Revenue $31,000Beginning Finished Goods Inventory 16,000Ending Finished Goods Inventory 7,500Cost of Goods Manufactured 19,600Compute cost of goods available for sale.

Answer 1

Cost of goods available for sale = $35,600

Step-by-step explanation:

Data:

A = Sales Revenue $31,000

B = Beginning Finished Goods Inventory = $16,000

C = Ending Finished Goods Inventory = $7,500

D = Cost of Goods Manufactured = $19,600

E = cost of goods available for sale =?

Formula:

Cost of goods available for sale = Beginning Finished Goods Inventory + Cost of Goods Manufactured

Calculation:

E = B + D = $16,000 + $19,600 = $35,600

Hope this helps!