The cost of goods available for sale here equals $30,000.
What is cost of goods available for sale?
The cost of goods available for sale refers to the maximum amount of inventory that a firm can sell during an accounting period.
Given data
Sales of $40,000
Beginning inventory of $5,000
Purchases of $25,000
Ending inventory of $7,000.
Cost of goods available for sale = Beginning inventory + Purchases
Cost of goods available for sale = $5,000 + $25,000
Cost of goods available for sale = $30,000
In conclusion, the cost of goods available for sale here equals $30,000.
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