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Determine the cost of goods available for sale

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Question - Sneakers Shoe Store has a beginning inventory of $15 000. During the period, purchases were $70 000; purchase returns $2000; and freight-in $5000. A physical count of inventory at the end of the period revealed that $10 000 was still on hand. Determine the cost of goods available for sale?

A. $82 000.

B. $78 000.

C. $88 000.

D. $92 000.

Reference no: EM132872347

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