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Compute the Missing Inventory Values The following information was disclosed in the 2012 annual report of The Arcadia Company. HINT: Remember that ending inventory for

Compute the Missing Inventory Values
The following information was disclosed in the 2012 annual report of The Arcadia Company.
HINT: Remember that ending inventory for one year is the beginning inventory for the next year
2010 2011 2012
Beginning inventory $11,560
Purchase of inventory 42,640 45,850
Inventory available for sale 54,200
Ending inventory 9,655
Cost of goods sold 43,715 42,480 13,600
Formula to Calculate missing values
Beginning Inventory
+ Purchases
= Goods Available for Sale
-Cost of Goods Sold
= Ending Inventory

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