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 2017?

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 2017?

Quizplus · Accepted Answer

To find the goods available for sale in 2017, add the cost of goods sold in 2017 (12,213) to the ending inventory in 2017 (which is the beginning inventory in 2018, not provided). However, since we don't have the ending inventory for 2017 directly, we use the purchases for 2017 (12,652) as a clue. The formula for goods available for sale is beginning inventory + purchases. Since we're looking for the goods available for sale, and we know the purchases, we need to find a way to connect these numbers. The question seems to have a mistake in its setup, making it impossible to accurately determine the goods available for sale for 2017 with the provided information. However, assuming a typical calculation where goods available for sale equals the cost of goods sold plus ending inventory, none of the given choices can be directly calculated from the information provided.

The Following Information Comes from the Annual Reports of Devin