Question

Fontana Manufacturing provided the following information for the month ended March 31: Sales Revenue $26,000 Beginning Finished Goods Inventory 8000 Ending Finished Goods Inventory 13,500 Cost of Goods Manufactured 15,600 Compute cost of goods available for sale.

Answer 1

The correct answer is $23,600.

Step-by-step explanation:

According to the scenario, the given data are as follows:

Beginning Finished goods = $8,000

Cost of Goods Manufactured = $15,600

So, we can calculate the cost of goods available for sale by using following formula:

Cost of goods available = Beginning Finished goods + Cost of Goods Manufactured

By putting the value we get,

Cost of goods available = $8,000 + $15,600

= $23,600

Hence, the cost of goods available for sale is $23,600.