XYZ uses a periodic inventory system. The Inventory on

$12/31/21$ was $$365,000.$ During $2022$ XYZ purchased inventory

costing $$991,000.$ At the end of the year, a count of inventory

showed that the value was $$123,000.$

$1.$ What was XYZ$\text{'}$s Goods Available for Sale $?$

$2.$ What would XYZ report for COGS in $2022$