Compute Cost of Goods Sold for a merchandiser (Learning Objective 5)}

Given the following information for Circuits Plus, an electronics e-tailer, compute the cost of goods sold.

Transcribed Image Text:

Web site maintenance.. Delivery expenses. Freight-in $ 7,000 1,000 3,000 Import duties.. 1,000 Purchases 40,000 Ending inventory. 5,500 Revenues... 60,000 Marketing expenses. 10,000 Beginning inventory 3,500