[The Following Information Applies to the Questions Displayed Below

question 50

Multiple Choice

[The following information applies to the questions displayed below.]
Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250) .Beginning inventory for the month was $60,000;purchases for the month were $175,000;and gross profit was 43%.
-Refer to the information above.What were the goods available for sale for the month?

• A)$129,000
• B)$171,000
• C)$235,000
• D)$304,750

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Definitions:

Hydrochloric Acid

A strong acidic solution of hydrogen chloride in water, found in the stomach, where it aids in digestion and sterilization of ingested food.

Lysozymes

Enzymes that damage bacterial cell walls by catalyzing the hydrolysis of 1,4-beta-linkages between N-acetylmuramic acid and N-acetyl-D-glucosamine, found in saliva, mucus, and tears.

Bile Acids

Steroid acids found predominantly in the bile of mammals, crucial for the digestion and absorption of fats and fat-soluble vitamins in the small intestine.

Metabolizing

The complex set of life-sustaining chemical transformations within the cells of living organisms, including processes such as digestion, energy production, and detoxification.