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1. Complete the missing piece of information involving the changes in inventory, and their relationship to goods available for sale, for the two years shown:

1. Complete the missing piece of information involving the changes in inventory, and their relationship to goods available for sale, for the two years shown: Category 2021 2022 Beginning Inventory $10,000 $7,000 Purchases 25,000 3,000 Goods Available for Sale 35,000 ? Ending Inventory 7,000 ? Cost of Goods Sold ? 8,500

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