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Tems11 [23]
3 years ago
11

At the beginning of the year, TRK started with $15,000 in beginning inventory. Throughout the period, TRK purchased $40,000 wort

h of inventory, negotiated $2,000 of purchase allowances, returned $500 of inventory, received a $5,700 purchase discount for paying early and paid $300 in shipping charges for their inventory. Given this information, determine goods available for sale.
Business
1 answer:
serious [3.7K]3 years ago
8 0

Answer:

$47,100

Explanation:

The cost of goods available for sale is the sum of the opening balance and the net purchases during the period.

The net purchases is the difference between the total purchases and the allowances and discounts and returns.

Hence,

Cost of goods available for sale

= $15,000 + $40,000 - $2,000 - $500 - $5,700 + $300

= $47,100

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The number of opponents a canidate faces
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Answer:

The correct answer is equal to price.

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4 years ago
Angus Company agreed to sell goods for Longhorn Company on consignment, but wasn't willing to take ownership of the goods in cas
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3 years ago
Dr. Beswick was writing questions for a test, but found herself listening to reggae music coming from an adjoining office, and t
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Answer:

The correct answer is C

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