1. **State the problem:** We need to compute the total goods available for sale given the transactions. 2. **Identify relevant formula:** Total Goods Available for Sale = Beginning Inventory + Net Purchases 3. **Calculate Net Purchases:** Net Purchases = Purchases - Purchase Returns + Freight Charges (if FOB Shipping Point and Collect) 4. **Apply given data:** - Beginning Inventory = 75000 - Purchases on account = 415000 - Purchase Returns = 40000 - Freight Charges = 42000 (since FOB Shipping Point, buyer pays freight) 5. **Calculate Net Purchases:** $$\text{Net Purchases} = 415000 - 40000 + 42000 = 417000$$ 6. **Calculate Total Goods Available for Sale:** $$\text{Total Goods Available for Sale} = 75000 + 417000 = 492000$$ 7. **Conclusion:** The total goods available for sale is 492000.