The income statement includes the items listed below: Net Sales $900,000 Gross Profit $315,000 Beginning Inventory $80,000 Purchase discounts $15,000 Purchase Returns and allowances $8,000 Freight Inc $10,000 Operating Expenses $300,000 Purchases $560,000 Use the appropriate items listed above as a basis for determining : a) Cost of Goods Sold b) Cost of goods available for sale c) Ending Inventory

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