The following information is available for Naab Company for 2020 The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale? Freight in                  ...

The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?

Freight in                               $60,000                                                                   Purchase returns                    150,000                                                                  Selling Expense                       460,000                                                                Ending Inventory                     520,000