The following information is available for Acme Inc.: 
Instructions
Use the above information to calculate the cost of goods available for sale and cost of goods sold for Acme Inc. for the year ended July 31, 2021.
Definitions:
Estimate To Complete
A financial analysis projecting the cost required to finish a project based on its current status and past performance.
Parametric Estimates
Estimation technique using statistical relationships between historical data and variables to calculate cost, duration, and resource requirements.
Parameters
A set of boundaries or limits that define the scope and operating conditions of a system, project, or experiment.
Earned Value Management
A project management technique that integrates scope, time, and cost data to assess project performance and progress.
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