Jod's Chop Shop in a real chain specializing in salon quality hair care products. During the year, Jod's Chop Shop had sales of $30,410,000. The company began the year with 12.500.000 of merchandise inventory and ended the year with $3,245,000 of inventory. During the year, Jodis Chop Shop purchased $24,100,000 of merchandise inventory. The company singer and administrative expenses totaled $5,450,000 for the year, Prepare Jod's Chop Shop's income statement for the year CHE Begin by calculating Jod's Chop Shop's cost of goods sold using the table below. Jodi's Chop Shop Calculation of Cost of Goods Sold For the Year Ended Plus Less: Begin by calculating Jodi's Chop Shop's cost of goods sold using ti Jodi's Chop Shop Calculation of Cost of Goods Sold For the Year Ended Beginning inventory Cost of goods available for sale Cost of goods sold Ending inventory Gross profit Operating expenses Operating income Purchases Sales revenues le this Get more