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Robbinsdale, Inc. is a merchandiser of stone ornaments. The company sold 8,000 units during the year. The company has provided the following information:

Sales Revenue   $559,000
Purchases (excluding freight in)   303,000
Selling and Administrative Expenses   67,000
Freight In   14,000
Beginning Merchandise Inventory   46,000
Ending Merchandise Inventory   43,000

What is the cost of goods available for sale for the year?
A) $320,000
B) $335,000
C) $349,000
D) $363,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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7 years ago
I just realized you had posted this! Thanks so much
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