Liberty is calculating her cost of goods sold to enter on her Schedule C. Her inventory...

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Liberty is calculating her cost of goods sold to enter on her Schedule C. Her inventory at the beginning of the year amounted to $50,000. Her tost for labor and materials was $20,000. She had no other costs. Her inventory at the end of the year totaled $58,000. What amount for cost of goods sold will Liberty enter on her Schedule C? Liberty is calculating her cost of goods sold to enter on her Schedule C. Her inventory at the beginning of the year amounted to $50,000. Her tost for labor and materials was $20,000. She had no other costs. Her inventory at the end of the year totaled $58,000. What amount for cost of goods sold will Liberty enter on her Schedule C?

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