Answer:
Cost of goods available for sale = $35,600
Explanation:
Data:
A = Sales Revenue $31,000
B = Beginning Finished Goods Inventory = $16,000
C = Ending Finished Goods Inventory = $7,500
D = Cost of Goods Manufactured = $19,600
E = cost of goods available for sale =?
Formula:
Cost of goods available for sale = Beginning Finished Goods Inventory + Cost of Goods Manufactured
Calculation:
E = B + D = $16,000 + $19,600 = $35,600
Hope this helps!
