Multiple Choice
McKendrick Shoe Store has a beginning inventory of $45,000.During the period, purchases were $195,000; purchase returns, $6,000; and freight-in $15,000.A physical count of inventory at the end of the period revealed that $30,000 was still on hand.The cost of goods available for sale was
A) $189,000.
B) $204,000.
C) $219,000.
D) $249,000.
Correct Answer:
Verified
Correct Answer:
Verified
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