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

question 145

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.

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