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Bill Rose owns Rose Sporting Goods At the beginning of the year, Rose Sporting Goods had $2,900 in inventory. During the year Rose Sporting Goods
Bill Rose owns Rose Sporting Goods At the beginning of the year, Rose Sporting Goods had $2,900 in inventory. During the year Rose Sporting Goods purchased Inventory that cost $13,500. At the end of the year inventory on hand amounted to $1,100 Required a. Calculate the cost of goods available for sale during the year Goods available for sale b. Calculate the cost of goods sold for the year Cost of goods sold c. Calculate the amount of inventory Rose Sporting Goods would report on its year end balance sheet Merchandise inventory c. Calculate the amount of inventory Rose Sporting Goods would report on its year-end balance sheet Merchandise inventory
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