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Determine the cost of goods available for sale

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Question - Baden Shoe Store has a beginning merchandise inventory of P30,000. During the period, purchases were P140,000; purchase returns, P4,000; and freight-in P10,000. A physical count of inventory at the end of the period revealed that P20,000 was still on hand. Determine the cost of goods available for sale?

Reference no: EM133077437

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