Lakeside Manufacturing provided the following information for the month ended March 31:Sales Revenue $26,000Beginning Finished Goods Inventory 8,000Ending Finished Goods Inventory 13,500Cost of Goods Manufactured 15,600Compute cost of goods available for sale.

cost of goods available for sale = $29,100

Explanation:

Giving the following information:

Sales Revenue $26,000

Beginning Finished Goods Inventory 8,000

Ending Finished Goods Inventory 13,500

Cost of Goods Manufactured 15,600

cost of goods available for sale = beginning finished goods inventory + purchases

We have to find the amount of purchases.

We know that:

cost of goods manufactured = Beginning Finished Goods Inventory + purchases - Ending Finished Goods Inventory

15600 = 8000 + purchases - 13500

purchases = 15600 - 8000 + 13500

purcases = 21,100

cost of goods available for sale = 8000 + 21100 = $29,100