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Sagot :
Answer:
cost of goods available for sale= $4,060
Explanation:
Giving the following information:
Beginning inventory, January 1: 400 $3.00
Purchase, January 30: 300 3.40
Purchase, May 1: 460 4.00
The cost of goods available for sale is the sum of the beginning inventory and the purchases of the period:
cost of goods available for sale= beginning inventory + purchase
cost of goods available for sale= 400*3 + 300*3.4 + 460*4
cost of goods available for sale= $4,060
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