Bargain Discounter Inc is a merchandiser that had inventory at the beginning of the year of $840,000

Marketing Dec 20, 2020

Bargain Discounter Inc is a merchandiser that had inventory at the beginning of the year of $840,000.it made purchases of $1,550,000 and had returns and allowances on purchases of $50,000. Ending inventory was $880,000 Total cost of goods sold was $1,450,000 What was the goods available for sale amount?

A. $2,340,000

B. $620,000

C. $2,290,000

D. $2,390,000

Expert Solution

The answer is a. $2,340,000

	Amount
Beginning Inventory	$840,000
Add: Purchases	1,550,000
Less: Purchase Returns and Allowances	50,000
Total Goods Available for Sale	$2,340,000

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