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