A retailer has a beginning inventory (at cost)of $96,000,purchases (at cost)of $107,000,and transportation charges of $1,000.Its merchandise available for sale is $203,000.

Question

Quizplus · Accepted Answer

The merchandise available for sale is calculated by adding the beginning inventory, purchases, and transportation charges: $96,000 + $107,000 + $1,000 = $204,000.

A Retailer Has a Beginning Inventory (At Cost)of $96,000,purchases (At