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Bill Rose owns Rose Sporting Goods. At the beginning of the year, Rose Sporting Goods had $3,000 in inventory. During the year, Rose Sporting Goods
Bill Rose owns Rose Sporting Goods. At the beginning of the year, Rose Sporting Goods had $3,000 in inventory. During the year, Rose Sporting Goods purchased inventory that cost $13,600. At the end of the yeat, inventory on hand amounted to $4,200. Required: Calculate the following: a. Cost of goods avallable 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
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