How much is the total cost of goods available for sale?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Below are some of the account balances of FDN Company.
Purchases
P 1,264,500
Purchase returns and allowances
39,725
Freight in
35,800
Freight out
21,950
Beginning inventory
251,150
Cost of goods sold
1,232,825
How much is the total cost of goods available for sale?
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