Chapter 6, Problem 16DQ

To determine

Concept Introduction:

Cost of goods available for sale:

Cost of goods available for sale can be defined as the total manufactured or finished inventory available with a business for sale. Sometimes, some of the finished goods are sold and some are left in the inventory. In such case, the cost of goods available for sale is calculated by adding cost of goods sold or cost of sales and ending inventory.

To compute:

Cost of Goods available for sale for Samsung for the year ended December 31, 2015