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Unformatted text preview: Add: Purchases Cost of Goods Available Less Inventory Jan 7 Cost of Goods Sold Part E Although Sky Probe does not make a lot of transactions on a daily basis requiring the need for a perpetual system, they do buy and sell high dollar items so it is crucial that mangament knows exactly where each piece of there inventory is. 210,000 (250,000 beginning balance, less Credit 117,000 90000 50,000 Credit 117,000 50,000 250,000 50,000 300,000 210,000 90,000...
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