Backyards, Inc., sells lawn furniture. Selected financial information for the most recent year follows. Beginning...
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Accounting
Backyards, Inc., sells lawn furniture. Selected financial information for the most recent year follows. Beginning merchandise inventory on January 1 was $32,000. Ending merchandise inventory on December 31 was $37,000. Purchases during the year were $101,000. Selling and administrative expenses were $75,000. Sales for year were $257,000. What was the value of goods available for sale?
$156,000
$138,000
$133,000
$96,000
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