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What is the amount of goods available for sale

    Assignment Instructions

    Assignment ID: FG133136245

    Question – At the beginning of the year, Kelly Sales had $2,400 of merchandise inventory. During the year, Kelly purchased $22,000 of inventory. At the end of the year, a count of the inventory revealed that Kelly had $1,600 of inventory on hand. Required: Answer the following questions. Show your work.

    a] What is the amount of goods available for sale?

    b] What is cost of goods sold for the year?

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