Suppose you are computing inventory with the average cost method. Cost of Goods Sold Expense was $212,500.00
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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 units in Ending Inventory and 250 units in Beginning Inventory. What is the dollar amount of Goods Available for Sale?
- $231,625
- $233,750
- $238,000
- $252,875
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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