Chapter 6, Problem 11DQ

To determine

Concept:

Cost of Goods Available for Sale:

Cost of Goods available is the total of directly attributable costs incurred to sell finished goods. This includes costs of purchases of goods, changes in inventory i.e. difference between opening and closing inventory and the other directly attributable costs of manufacturing goods

Directly attributable costs include costs of direct overheads such as factory wages, factory rent etc. These costs are directly related to the finished goods sold.

Cost of goods available for Sale for the year 2017