contestada

Archer Company had an inventory balance of $2,600 on January 1. During the accounting period they made purchases of $11,500. The ending inventory balance was $1,250. If Archer Co. uses the periodic inventory system, what is the cost of goods available for sale?
A. $14,100
B. $2,600
C. $12.850
D. $11,500

Respuesta :

origos

Answer:

A

Explanation:

Opening stock                                      2,600

Add: purchases                                     11,500

                                                             ------------

Cost of good available for sale           14,100

Less: closing stock                                (1,250)

                                                             ------------

cost of sales                                           12,850

                                                              ---------------