Answer:
Instructions are listed below.
Explanation:
Giving the following information:
At the beginning of the year, Rose Sporting Goods had $18,000 in inventory.
Purchases= $66,000.
Ending inventory cost= $28,500.
A) The cost of goods available for sale is the sum of beginning inventory and the purchases.
Cost of goods available for sale= 18,000 + 66,000= $84,000
B) COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 84,000 - 28,500= $55,500
C) The ending inventory is the amount of goods that weren't sold:
Ending inventory= $28,500
