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Medium: 1. Happy Selling's beginning inventory amounted to 250,000. Net purchases amounted to 70,000. Freight In totaled 15,000. Compute for the company's cost of goods available for sale. Answer:
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Medium:

1. Happy Selling's beginning inventory amounted to 250,000. Net purchases amounted to 70,000. Freight
In totaled 15,000. Compute for the company's cost of goods available for sale.
Answer:

User Stitz
by
3.6k points

1 Answer

3 votes

Answer: 335000

Step-by-step explanation:

The company's cost of goods available for sale will be calculated as the addition of the begining inventory, the net purchases and the freight. This will be:

= Beginning inventory + Purchases + Freight

= 250000 + 70000 + 15000

= 335000

User Remco Beugels
by
3.3k points
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