Question

Foxburg Company has the following information: Work-in-Process Finished Goods Materials Beginning inventory $ 550 $ 650 $ 750 Ending inventory $ 1,200 $ 1,400 $ 2,000 Purchases of materials (net) $ 8,700 Cost of Goods Sold $ 16,600 Manufacturing overhead $ 4,750 What was the cost of goods available for sale for the period

Answer 1

the cost of goods available for sale is $18,000

Step-by-step explanation:

The computation of the cost of goods available for sale is shown below:

Cost of goods available for sale is

= Cost of goods sold + Ending inventory of Finished Good

= $16,600 + $1,400

= $18,000

Hence, the cost of goods available for sale is $18,000