Question

Archer Company had an inventory balance of​ $2,600 on January 1. During the accounting period they made purchases of​ $11,500. The ending inventory balance was​ $1,250. If Archer Co. uses the periodic inventory​ system, what is the cost of goods available for​ sale

Answer 1

Beginning inventory 2600

(+) purchase. 11500

Cost of goods available for sale=2600+11500=14100....answer