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At the beginning of the year, Kelly Sales had $2,400 of merchandise inventory. During the...

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Accounting

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.

a) What is the amount of goods available for sale? b) What is cost of goods sold for the year?

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