Tuity Fruity Beverage Company's operating activities for the year are listed below. What is the cost of goods available for sale?
A)$140,900
B)$153,300
C)$80,900
D)$134,800

Question

Tuity Fruity Beverage Company's operating activities for the year are listed below.  What is the cost of goods available for sale?
A)$140,900 
B)$153,300 
C)$80,900 
D)$134,800

Quizplus · Accepted Answer

The cost of goods available for sale is calculated by adding the beginning inventory and purchases. 
Beginning inventory = $72,500 
Purchases = $80,800 
Cost of goods available for sale = $72,500 + $80,800 = $153,300. 
Therefore, the correct answer is B.

Tuity Fruity Beverage Company's Operating Activities for the Year Are