QuestionJuly 15, 2025

Clarke Company begins the year with inventory of 4,200 and made inventory purchases of 12,500 for the year. At the end of the year, a physical count-shows ending inventory of 3,800 What is their total cost of goods available for sale for the year? A 4,200 B 12,500 C 12,900 D 16,700

Clarke Company begins the year with inventory of 4,200 and made inventory purchases of 12,500 for the year. At the end of the year, a physical count-shows ending inventory of 3,800 What is their total cost of goods available for sale for the year? A 4,200 B 12,500 C 12,900 D 16,700
Clarke Company begins the year with inventory of 4,200 and made inventory purchases of 12,500 for the year. At the end of the
year, a physical count-shows ending inventory of 3,800 What is their total cost of goods available for sale for the year?
A 4,200
B 12,500
C 12,900
D 16,700

Solution
4.1(259 votes)

Answer

D \ 16,700 Explanation 1. Calculate Total Cost of Goods Available for Sale Add beginning inventory to purchases: 4,200 + 12,500 = 16,700.

Explanation

1. Calculate Total Cost of Goods Available for Sale<br /> Add beginning inventory to purchases: $4,200 + 12,500 = 16,700$.
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