Tuity Fruity Beverage Company's operating activities for the year are listed below. What is the cost of goods available for sale?
A)$140,000
B)$152,000
C)$80,000
D)$134,000

Name: Tuity Fruity Beverage Company's operating activities for the year are listed below. What is the cost of goods available for sale? A)$140,000 B)$152,000 C)$80,000 D)$134,000
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Question

Tuity Fruity Beverage Company's operating activities for the year are listed below.  What is the cost of goods available for sale?
A)$140,000 
B)$152,000 
C)$80,000 
D)$134,000

Quizplus · Accepted Answer

The cost of goods available for sale is the sum of beginning inventory and purchases, which is $120,000 + $32,000 = $152,000.

Tuity Fruity Beverage Company's Operating Activities for the Year Are