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What is the cost of goods available for sale

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The following information is available for Bonita Industries for 2020:

Freight-in $59000

Purchase returns 149000

Selling expenses 478500

Ending inventory 528000

Problem 1: The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?

Option 1: $1914000.

Option 2: $2392500.

Option 3: $2452000.

Option 4: $2442000.

Reference no: EM132708549

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