Solution-Calculate the cost of goods available for sale

Calculate the cost of goods available for sale

Reference no: EM13510690

Daniel Jackson is the owner of ABC Cleaning. At the beginning of the year, Jackson had $2,400 in inventory. During the year, Jackson purchased inventory that cost $13,000. At the end of the year, inventory on hand amounted to $3,600.

Required

Calculate the following.

a. Cost of goods available for sale during the year.
b. Cost of goods sold for the year.
c. Inventory amount ABC Cleaning would report on its year-end balance sheet.

Reference no: EM13510690

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Calculate the cost of goods available for sale

Reference no: EM13510690

Reference no: EM13510690

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