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What is cost of goods available for sale

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Question - Page's sells books. The following information summarizes the company's operating expenses for the year:

Purchases $105,400

Operating expenses $53,800

Beginning merchandise inventory $14,000

Ending merchandise inventory $12,000

Sales revenue $170,900

What is cost of goods available for sale?

A. $119,400

B. $65,500

C. $103,400

D. $117,400

Reference no: EM132234568

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