Bradshaw Shoe Store has a beginning inventory of $48000. During the period purchases were $180000; purchase returns $15000; and freight-in $6000. A physical count of inventory at the end of the period revealed that $30000 was still on hand. The cost of goods available for sale was

Question

Quizplus · Accepted Answer

Cost of goods available for sale = Beginning inventory + Purchases + Freight-in - Purchase returns
= $48,000 + $180,000 + $6,000 - $15,000
= $219,000

Therefore, the answer is choice D, $219,000.

Bradshaw Shoe Store Has a Beginning Inventory of $48000