class practice 4 (chapter 5)

The income statement of Jeter Company includes the items listed below:

Sales $890,000

Gross profit 396,000

I have the answers just need the work to understand

Beginning inventory 35,000

Sales discounts 16,000

Purchase discounts 7,000

Sales returns and allowances 11,000

Purchase returns and allowances 9,000

Freight-in 13,000

Operating expenses 120,000

Purchases 480,000

Instructions

Using the information above, compute the following:

(a) Cost of goods sold. 467,000

(b) Cost of goods available for sale. 512,000

(c) Ending inventory. 45,000