Montgomery Corporation has the following account balances: Sales revenue $100,000 Beginning inventory 22,000 Purchases 40,000 Sales discounts 2,000 Purchase discounts 1,500 Freight-in 500 Ending...

Montgomery Corporation has the following account balances:<br>Sales revenue<br>$100,000<br>Beginning inventory<br>22,000<br>Purchases<br>40,000<br>Sales discounts<br>2,000<br>Purchase discounts<br>1,500<br>Freight-in<br>500<br>Ending inventory<br>15,000<br>Purchase returns and allowances<br>1,000<br>Given this information, total cost of goods available for sale is<br>Oa. $60,000<br>Ob. $62,000<br>Oc. $57,000<br>Od. $58,000<br>

Extracted text: Montgomery Corporation has the following account balances: Sales revenue $100,000 Beginning inventory 22,000 Purchases 40,000 Sales discounts 2,000 Purchase discounts 1,500 Freight-in 500 Ending inventory 15,000 Purchase returns and allowances 1,000 Given this information, total cost of goods available for sale is Oa. $60,000 Ob. $62,000 Oc. $57,000 Od. $58,000

Jun 11, 2022

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Montgomery Corporation has the following account balances: Sales revenue $100,000 Beginning inventory 22,000 Purchases 40,000 Sales discounts 2,000 Purchase discounts 1,500 Freight-in 500 Ending...

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