McKendrick Shoe Store Has a Beginning Inventory of $45,000

question 207

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.

---

Definitions:

Social Media

Digital platforms that enable users to create, share content, or participate in social networking.

Individual's Personality

A unique set of emotional, thought, and behavioral patterns that define an individual's characteristic ways of interacting with the environment.

Diagnosed

The identification of the nature of an illness or other problem through examination of the symptoms.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.