Gulf Coast Boat Sales had a beginning inventory for June of $1,500,000. They purchased $275,000 in goods during June. Their income from sales was $900,000 with 15,500 in returns. Their ending inventory was 1,200,000. Their operating expenses were $80,000.

Question

Gulf Coast Boat Sales had a beginning inventory for June of $1,500,000.  They purchased $275,000 in goods during June.  Their income from sales was $900,000 with 15,500 in returns.  Their ending inventory was 1,200,000.  Their operating expenses were $80,000.

anonymous · Answer

What was the amount of goods available for sale?

anonymous · Answer

I know the answer is $1,775,000 but how did they get that?

anonymous · Answer

aw God bless you too! Jesus loves you!:D

mertsj · Answer

They started out with 1,500,000 and bought 275,000 more.  So add those.  That is the value of the stuff they had for sale.

anonymous · Answer

:D