Bonita Shoe Store uses a periodic inventory system and began the period with a beginning inventory of $45900. During the period, purchases were $194100; purchase returns, $6200; and freight-in $14100. A physical count of inventory at the end of the period revealed that $30300 was still on hand. The cost of goods available for sale was?

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To calculate the cost of goods available for sale we need to sum up the beginning ... View the full answer