Kevin owns a retail store, and during the current year he purchased $610,000 worth of inventory. Kevins

Question:

Kevin owns a retail store, and during the current year he purchased $610,000 worth of inventory. Kevin’s beginning inventory was $67,000, and his ending inventory is $77,200. During the year, Kevin withdrew $1,780 in inventory for his personal use. Use Part III of Schedule C below to calculate Kevin’s cost of goods sold for the year.