Russell Retail Group begins the year with inventory of $48,000 and ends the year with inventory of $38,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase $ 203,000 123,000 153,000 403,000 on December 4 Required Calculate cost of goods sold for the year. Beginning inventory Cost of goods available for sale Cost of goods sold