What was the total amount of merchandise available for sale

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Reference no: EM13906900

Cost of Goods Sold and Merchandise Available for Sale in a Merchandising Company

Dash Department Store features women's fashions. At the beginning of the year, the store had $531,400 in merchandise. Total purchases for the year were $475,200.

Required:

A. Calculate the cost of goods sold for the year, assuming that the year-end inventory was $482,400.

B. What was the total amount of merchandise available for sale during the year?

Reference no: EM13906900

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