The data below are for Marvin Department Store The account
The data below are for Marvin Department Store. The account balances (in thousands) are for 2013.
Marketing, distribution, and customer-service costs ...... $37,000
Merchandise inventory, January 1, 2013 ........ 27,000
Utilities .................... 17,000
General and administrative costs ............ 43,000
Merchandise inventory, December 31, 2013 ........ 34,000
Purchases .................... 155,000
Miscellaneous costs .................. 4,000
Transportation in ................ 7,000
Purchase returns and allowances .......... 4,000
Purchase discounts ................. 6,000
REQUIRED
Compute
(a) Cost of goods purchased and
(b) Cost of sales.
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