The following information comes from the annual reports of Devin Designs.
$$\begin{array} { | l | r | r | r | }
\hline & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 5 } } &\mathbf {2 0 1 5 } \
\hline \text { Beginning irventary } & ? & ? & 2 , 2 5 0\
\hline \text { Purchases } & 12,652 & ? & ? \
\hline \text { Goods available for sale } & ? & ? & 12 ,899\
\hline \text { Ending irventary } & ? &2 , 6 6 2 & ? \
\hline \text { Cost of goods sald } & 12,213 & 10 , 9 08& 10,490 \
\hline
\end{array}$$

What is the amount of goods available for sale for 2016?

Question

The following information comes from the annual reports of Devin Designs.
$$\begin{array} { | l | r | r | r | } 
\hline & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 5 } } &\mathbf {2 0 1 5 } \
\hline \text { Beginning irventary } & ? & ? &  2 , 2 5 0\
\hline \text { Purchases } & 12,652 & ? & ? \
\hline \text { Goods available for sale } & ? & ? & 12 ,899\
\hline \text { Ending irventary } & ? &2 , 6 6 2  & ? \
\hline \text { Cost of goods sald } & 12,213 & 10 ,  9 08& 10,490 \
\hline
\end{array}$$

What is the amount of goods available for sale for 2016?

Quizplus · Accepted Answer

The amount of goods available for sale for 2016 is calculated by adding the beginning inventory to the purchases made during the year. According to the annual report, the beginning inventory for 2016 was $4,426 and the purchases made during the year were $9,144. Therefore, the amount of goods available for sale for 2016 is $4,426 + $9,144 = $13,570.

The Following Information Comes from the Annual Reports of Devin