Stylish Shoe Store reported beginning merchandise inventory of $15,000. During the period, purchases were $70,000;...
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Accounting
Stylish Shoe Store reported beginning merchandise inventory of $15,000. During the period, purchases were $70,000; purchase returns, $2,000; and freight in $5,000. A physical count of inventory at the end of the period revealed that $10,000 was still on hand. The cost of goods available for sale was, and please show calculation.
(a) $78,000.
(b) $82,000.
(c) $88,000.
(d) $92,000.
(e) none of the above.
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