Solved: Dash department store features womens fashions calculate, Accounting Basics

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Dash department store features womens fashions calculate

Question - 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 $506,300 in merchandise. Total purchases for the year were $460,100.

Required:

A. Calculate the cost of goods sold for the year, assuming that the year-end inventory was $482,300.

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

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Accounting Basics: Dash department store features womens fashions calculate

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Accounting Basics: Dash department store features womens fashions calculate

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