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What is the cost of goods available for sale

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Question - On March 1, Miles Ltd. had $16418 in inventory. During the month, the company purchased inventory worth $185253. An inventory count on March 31 revealed inventory on hand of $23507. Assuming Miles uses a periodic inventory system, what is the cost of goods available for sale for the month of March?

a. $225178

b. $16418

c. $201671

d. $178164

Reference no: EM132899662

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