Bill Rose owns Rose Sporting Goods. At the beginning of the year, Rose Sporting Goods had $18,000 in inventory. During the year, Rose Sporting Goods purchased inventory that cost $66,000. At the end of the year, inventory on hand amounted to $28,500. Required: Calculate the following: 2a. Total available for sale 3 b. Cost of goods sold $18,000 $66,000 a. Cost of goods available for sale during the year. b. Cost of goods sold for the year. c. Amount of inventory would Rose Sporting Goods report on the year-end balance sheet. c. Ending merchandise inventory 5 $28,500 +

Bill Rose owns Rose Sporting Goods. At the beginning of the year, Rose Sporting Goods had $18,000 in inventory. During the year, Rose Sporting Goods purchased $18,000$66,000 inventory that cost $66,000. At the end of the year, inventory on hand amounted to $28,500. $28,500 Required: Calculate the following: a. Cost of goods available for sale during the year. b. Cost of goods sold for the year. c. Amount of inventory would Rose Sporting Goods report on the year-end balance sheet. a. Total available for sale b. Cost of goods sold c. Ending merchandise inventory