$8.$ For the season, the accounting department forwarded to you the following information. Construct a P&L Statement from the following figures. Calculate the TOTAL COST OF GOODS SOLD considering Gross Sales with Workroom Costs and the $2\%$ Cash Discount on Purchases. All of the following information may not be needed.

Opening Inventory $($Cost$)$ $$148,000$ 

Advertising $$30,000$ 

Gross Sales $$496,000$ 

Misc. Expenses $$36,000$ 

Billed Costs $$240,000$ 

Closing Inventory $($Cost$)$ $$156,000$ 

Customer Returns $$51,600$ 

Selling Salaries $$52,000$ 

Freight Charges $$16,000$ 

Wrapping & Packing $$39,000$ 

Rent $$40,000$ 

Alterations & Workroom $$2,000$ 

Cash Discount $2\%$ 

TOTAL COGS