Question

Rick Dove is the owner of RD Cleaning. At the beginning of the year, Dove had $4,800 in inventory. During the year, Dove purchased inventory that cost $26,000. At the end of the year, inventory on hand amounted to $3,600.
Required
Calculate the following:
a. Cost of goods available for sale during the year.
b. Cost of goods sold for the year.
c. Inventory amount RD Cleaning would report on its year-end balance sheet.


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  • CreatedApril 20, 2015
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