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5. (5 points) Based on the following data, calculate the const of goods sold for the year ended December 31, 2022 Merchandise Inventory, Jan 1,
5. (5 points) Based on the following data, calculate the const of goods sold for the year ended December 31, 2022 Merchandise Inventory, Jan 1, 2022$35,000 Ending Inventory, Dec 31, 202241,000 Purchases 525,000 Purchase Returns \& Allowances 16,000 Purchase Discounts 10,000 Freight In 6,000
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