The cost of food available for September equals beginning inventory plus purchases. If beginning inventory is $9,130 and purchases are $2,000, what is the cost of food available?

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Multiple Choice

The cost of food available for September equals beginning inventory plus purchases. If beginning inventory is $9,130 and purchases are $2,000, what is the cost of food available?

Explanation:
The amount available to use for the period is found by adding what you started with in inventory to what you purchased. So, beginning inventory of 9,130 plus purchases of 2,000 equals 11,130. This total represents the food available for September before accounting for any ending inventory or calculating cost of goods sold.

The amount available to use for the period is found by adding what you started with in inventory to what you purchased. So, beginning inventory of 9,130 plus purchases of 2,000 equals 11,130. This total represents the food available for September before accounting for any ending inventory or calculating cost of goods sold.

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