Beginning inventory (165 units @ $68/unit) Purchases (240 units @ $68/unit) Ending inventory (215 units @ $68/unit) What is the amount of cost of goods available for sale? Multiple Choice $27,540 $42,160 $12,920 entory system and its inventory records for the period contain the following information: $30,940 $11,220 16,320 14,620

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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FAD Company uses a periodic inventory system and its inventory records for the period contain the following information:
Beginning inventory (165 units @ $68/unit)
Purchases (240 units @ $68/unit)
Ending inventory (215 units @ $68/unit)
What is the amount of cost of goods available for sale?
7
Multiple Choice
O
O
O.
$27,540
$42,160
$12,920
$30,940
< Prev
$11,220
16,320
14,620
3 of 7
---
Next >
Transcribed Image Text:FAD Company uses a periodic inventory system and its inventory records for the period contain the following information: Beginning inventory (165 units @ $68/unit) Purchases (240 units @ $68/unit) Ending inventory (215 units @ $68/unit) What is the amount of cost of goods available for sale? 7 Multiple Choice O O O. $27,540 $42,160 $12,920 $30,940 < Prev $11,220 16,320 14,620 3 of 7 --- Next >
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