Robbinsdale,Inc What Is the Cost of Goods Available for Sale for During

question 120

Multiple Choice

Robbinsdale,Inc.is a merchandiser of stone ornaments.The company sold 8,000 units during the year.The company has provided the following information: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 593,000 \\\hline \text { Purchases (excluding freight in) } & 300,000 \\\hline \text { Selling and Administrative Expenses } & 66,000 \\\hline \text { Freight In } & 15,000 \\\hline \text { Beginning Merchandise Inventory } & 46,000 \\\hline \text { Ending Merchandise Inventory } & 43,000 \\\hline\end{array}$$ What is the cost of goods available for sale for the year?

• A) $361,000
• B) $318,000
• C) $346,000
• D) $331,000

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Definitions:

Correlations

Statistical measures that describe the degree to which two variables move in relation to each other.

Causes

Factors or events that bring about an effect or a change, typically studied in various disciplines to understand phenomena or solve problems.

Systematically Related

Having elements or components that are interconnected and organized in a coherent, logical manner.

Non-Probability Sampling

A sampling method where not all members of the population have an equal chance of participating, often used for convenience or when random sampling is impossible.