Compute the Missing Inventory Values.

The following information was disclosed in the Year $3$ annual report of The Arcadia Company.

Fill in the missing values. Year $3$ Year $2$ Year $1$

Beginning inventory Answer

Answer

$0$

$$12,760$

Purchase of inventory $46,850$ Answer

$0$

$42,940$

Inventory available for sale Answer

Answer

$0$

$55,700$

Ending inventory Answer

$11,855$ Answer

Cost of goods sold $13,60042,48043,715$