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