Part 1 of 2 Required information The following information applies to the questions displayed below.) Inventory at the beginning of the year cost $14,300. During the year, the company purchased on account) inventory costing 588,500. Inventory that had cost $84,500 was sold on account for $98,600. At the end of the year, inventory was counted and its cost was determined to be $18,300 14.28 points a. Show the cost of goods sold equation using these numbers