Pembrook Company had beginning inventory on May 1 of $12,000. During the month, the company made purchases of $30,000 but returned $2,000 of goods because they were defective. At the end of the month, the inventory on hand was valued at $9,500.

Calculate cost of goods available for sale and cost of goods sold for the month.

Answer rating: 100% (QA)

Cost of Goods available for sale Beginning Inventory of ... View the full answer