Computing cost of goods sold
The Tinted View, a retail merchandiser of auto windshields, has the following information:
|
Web site maintenance |
$ 7,100 |
|
Delivery expense |
900 |
|
Freight in |
2,900 |
|
Purchases |
39,000 |
|
Ending inventory |
4,900 |
|
Revenues |
57,000 |
|
Marketing expenses |
9,900 |
|
Beginning inventory |
7,900 |
Requirement
1. Compute The Tinted View’s cost of goods sold.