6.53 points Russell Retail Group begins the year with inventory of $46,000 and ends the year with inventory of $36,000. During the year, the company has four purchases for the following amounts Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase on December 4 S 201,000 121,000 151,000 401,000 Required: Calculate cost of goods sold for the year. Beginning inventory Cost of goods available for sale Cost of goods sold