Don Moon is the owner of ABC Cleaning. At the beginning of the year, Moon had ($
Question:
Don Moon is the owner of ABC Cleaning. At the beginning of the year, Moon had \(\$ 2,400\) in inventory. During the year, Moon purchased inventory that cost \(\$ 13,000\). At the end of the year, inventory on hand amounted to \(\$ 3,600\).
Required
Calculate the following:
a. Cost of goods available for sale during the year.
b. Cost of goods sold for the year.
c. Inventory amount \(\mathrm{ABC}\) Cleaning would report on its year-end balance sheet.
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