Rooney Company uses the periodic method to track its inventory. The business had merchandise with a book value of $28,000 on hand at the beginning of the year. During the year, Rooney acquired additional items at a cost of $100,000. At the end of the period, the company had $55,000 of inventory on hand. Rooney Company uses the periodic system of inventory control to determine cost of goods sold. 16. What is Rooney's Cost of Goods Available for Sale for the year? $183,000 d. $83.000 b. $128,000 $72,000 $73,000 e. C. 17. What is Rooney's Cost of Goods Sold for the year? $128,000 d. $45.000 b. $183,000 e. $73,000 $72,000 e