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Brief Exercise 6-3 (Algo) Calculate cost of goods sold (LO6-2) At the beginning of the year, Freye Incorporated reports inventory of $7,000. During the year,

image text in transcribed Brief Exercise 6-3 (Algo) Calculate cost of goods sold (LO6-2) At the beginning of the year, Freye Incorporated reports inventory of $7,000. During the year, the company purchases additional inventory for $22,000. At the end of the year, the cost of inventory remaining is $9,000. Calculate cost of goods sold for the year

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