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Archer Company had an inventory balance of $2,600 on January 1. During the accounting period they made purchases of $11,500. The ending inventory balance was $1,250. If Archer Co. uses the periodic inventory
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Archer Company had an inventory balance of $2,600 on January 1. During the accounting period they made purchases of $11,500. The ending inventory balance was $1,250. If Archer Co. uses the periodic inventory system, what is the cost of goods available for sale?

A. $14,100
B. $2,600
C. $12.850
D. $11,500

User Eric Genet
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1 Answer

1 vote

Answer:

A

Step-by-step explanation:

Opening stock 2,600

Add: purchases 11,500

------------

Cost of good available for sale 14,100

Less: closing stock (1,250)

------------

cost of sales 12,850

---------------

User Erling Olsen
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