Question: Suppose you are computing inventory with the average cost method. Cost of Goods Sold Expense was $212,500.00 and 2,500 units were sold; there were 475

Suppose you are computing inventory with the average cost method. Cost of Goods Sold Expense was $212,500.00 and 2,500 units were sold; there were 475 units in Ending Inventory and 250 units in Beginning Inventory. What is the dollar amount of Goods Available for Sale?

  1. $231,625
  2. $233,750
  3. $238,000
  4. $252,875

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