Dash Department Store features women’s fashions. At the beginning of the year, the store had…

Dash Department Store features women’s fashions. At the beginning of the year, the store had $514,000 in merchandise. Total purchases for the year were $463,000. Required A. Calculate cost of goods sold for the year, assuming the year-end inventory was $488,000. B. What was the total amount of merchandise available for sale during the year?

 

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