Calculate the goods available for sale if sales are $7,000, inventory at beginning is $3,400, inventory at end is $2,100 and purchases of inventory are $5,600.
A) $18,100
B) $12,500
C) $6,900
D) $9,000

Question

Quizplus · Accepted Answer

Goods available for sale is calculated by adding the beginning inventory to the purchases made during the period. So, $3,400 (beginning inventory) + $5,600 (purchases) = $9,000.

Calculate the Goods Available for Sale If Sales Are $7,000