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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 + Purchase–April 10 150 × $ 16 = 2,400 + Purchase–October 10 200 × $ 17 = 3,400 = Cost of Goods Available for Sale 450 $ 7,200...
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