The end of year valuation of your inventory would be the amount you paid for the items on hand at the end of the year.
Cost of good sold is the cost of the items you sold. It can be calculated by adding your beginning inventory to your purchases and subtracting your ending inventory.
Ending inventory would not include items bought and sold during the year, it would only be the cost of inventory items on hand at the end of the year.
The business Schedule C does not allow for the segregation of inventory sales versus service income, so it is not a problem that your sales include both sources of income.
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