Cost of Goods Sold and Merchandise Available for Sale in a Merchandising Company Dash Department...
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Accounting
Cost of Goods Sold and Merchandise Available for Sale in a Merchandising Company
Dash Department Store features women's fashions. At the beginning of the year, the store had $514,000 in merchandise. Total purchases for the year were $463,000.
Required:
A. Calculate the cost of goods sold for the year, assuming that the year-end inventory was $488,000.
_______?
B. What was the total amount of merchandise available for sale during the year?
_______?
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You can see the logs in the Dashboard.