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.

---

Definitions:

Deliberate

To think about or discuss something very carefully in order to make a decision.

Controlled Mind

The state of consciously regulating thoughts, emotions, and actions through mental processes and self-discipline.

Automatic Mind

Refers to the unconscious processing in the brain that guides most of our behaviors and decisions without deliberate thought.

Positive Emotions

Emotions that are felt when experiencing positive or pleasant situations, such as happiness, joy, or love.