Fontana Manufacturing provided the following information for the month ended March 31:

Sales Revenue $ 26,000
Beginning Finished Goods Inventory 7,000
Ending Finished Goods Inventory 14,500
Cost of Goods Manufactured 20,600

Required:
Compute cost of goods available for sale.

$27,600

Explanation:

Given that,

Sales Revenue = $ 26,000

Beginning Finished Goods Inventory = $7,000

Ending Finished Goods Inventory = $14,500

Cost of Goods Manufactured = $20,600

Cost of goods available for sale:

= Beginning Finished Goods Inventory + Cost of Goods Manufactured

= $7,000  + $20,600

= $27,600

Therefore, the cost of goods available for sale on March 31 is $27,600.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."