Ward Company had beginning inventory of $40,000 on January 1,Year 1.During Year 1,the company purchased $660,000 of goods from a supplier.On December 31,Year 1,the cost of unsold inventory was $50,000.Compute Ward Company's cost of goods available for sale and cost of goods sold for Year 1.

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The Answer of Ward Company had beginning inventory of $40,000 on January 1,Year 1.During Year 1,the company purchased $660,000 of goods from a supplier.On December 31,Year 1,the cost of unsold inventory was $50,000.Compute Ward Company's cost of goods available for sale and cost of goods sold for Year 1.

Ward Company Had Beginning Inventory of $40,000 on January 1,Year