Assume P accounts for inventory periodically P's balance in inventory at the beginning of the year is 314 units at $18 each During the year o P purchases 1256 units on account for $18 each o P sells 1005 units for $32 each At the end of the year a physical count of inventory indicates 555 units remain a. The cost of beginning inventory is: 5652 V b. The cost of inventory purchases is: 22608 C. The cost of ending inventory is: 565 x d. The cost of goods sold expense for the year: 18090 e. During the year sales revenue is: 32160