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Fontana Manufacturing provided the following information for the month ended March​ 31:

Sales Revenue $ 26,000
Beginning Finished Goods Inventory 7,000
Ending Finished Goods Inventory 14,500
Cost of Goods Manufactured 20,600

Required:
Compute cost of goods available for sale.

Respuesta :

Answer:

$27,600

Explanation:

Given that,

Sales Revenue = $ 26,000

Beginning Finished Goods Inventory = $7,000

Ending Finished Goods Inventory = $14,500

Cost of Goods Manufactured = $20,600

Cost of goods available for sale:

= Beginning Finished Goods Inventory + Cost of Goods Manufactured

= $7,000  + $20,600

= $27,600

Therefore, the cost of goods available for sale on March 31 is $27,600.

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