Given the following information for a retailer, compute the cost of goods sold. Ending inventory ............................................................................................. $

Question:

Given the following information for a retailer, compute the cost of goods sold.
............................................................................................. $ 5,900
Website maintenance ..................................................................................... $ 7,700
Revenues ..................................................................................................... $ 67,000
Freight-in ........................................................................................................ $ 3,700
Import duties ................................................................................................... $ 1,300
Marketing expenses ...................................................................................... $ 12,000
Delivery expenses ........................................................................................... $ 1,500
Purchases ..................................................................................................... $ 40,000
Beginning inventory ........................................................................................ $ 3,800
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...