From the following partial spreadsheet, indicate the dollar amount of beginning and ending merchandise inventory to be used to compute cost of goods sold

ADJUSTMENTS ADJUSTED TRIAL BALANCE ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Merchandise Inventory 60,000.00 55,000.00 60,000.00 Estimated Returns Inventory 6,000.00 5,500.00 6,000.00 Supplies 4,700.00 3,300.00 Prepaid Insurance 3,800.00 1,600.00 Customer Refunds Payable 2,200.00 7,200.00 Income Summary 55,000.00 60,000.00 55,000.00 60,000.00 5,500.00 6,000.00 5,500.00 6,000.00 Sales 525,140.00 Sales Returns and Allowances 2,200.00 16,700.00 Beginning inventory 55,000 X Ending inventory 60,000 x