Chicago Steel's operating activities for the year are listed below.

What is the cost of goods available for sale?
A)$1,400,000
B)$750,000
C)$50,000
D)$1,750,000

Name: Chicago Steel's operating activities for the year are listed below. What is the cost of goods available for sale? A)$1,400,000 B)$750,000 C)$50,000 D)$1,750,000
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Chicago Steel's operating activities for the year are listed below.

What is the cost of goods available for sale?
A)$1,400,000 
B)$750,000 
C)$50,000 
D)$1,750,000

Quizplus · Accepted Answer

The cost of goods available for sale can be calculated by adding the beginning inventory ($750,000) and the cost of goods purchased ($1,000,000) which equals $1,750,000.

Chicago Steel's Operating Activities for the Year Are Listed Below