The cost of goods available for sale equals the beginning value of inventory plus the cost of goods

The cost of goods available for sale equals the beginning value of inventory plus the cost of goods

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The cost of goods available for sale equals the beginning value of inventory plus the cost of goods  purchased. Two purchases occurred during the year, so the cost of goods available for sale is $ 
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Unformatted text preview: 7,200. Units Per Unit Cost Total Cost Beginning Inventory 100 $ 14 = $ 1,400 + PurchaseApril 10 150 $ 16 = 2,400 + PurchaseOctober 10 200 $ 17 = 3,400 = Cost of Goods Available for Sale 450 $ 7,200...
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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