1 1 Russell Retail Group begins the year with inventory of $51,000 and ends the year with inventory of $41,000. During the year, the company has four purchases for the following amounts. 3 points Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase on December 4 $206,000 126,000 156,000 406,000 Book Hint Print Required: Calculate cost of goods sold for the year. References Beginning inventory Cost of goods available for sale Cost of goods sold