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    College Accounting Study Set 1
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
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    If Beginning Inventory Is $5,000,ending Inventory Is $3,000,net Purchases Is
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If Beginning Inventory Is $5,000,ending Inventory Is $3,000,net Purchases Is

Question 111

Question 111

Multiple Choice

If beginning inventory is $5,000,ending inventory is $3,000,net purchases is $12,000 and Freight-in is $400,what is the Cost of Goods Available for Sale?


A) $17,400
B) $17,000
C) $14,400
D) $14,000

Correct Answer:

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