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A company had made the following transactions related to a sale to a customer: November 3 Sold merchandise on account to ABC Company for $16,000,
A company had made the following transactions related to a sale to a customer: November 3 Sold merchandise on account to ABC Company for $16,000, goods costing $10,000 with terms 2/10, n/30. November 6 ABC Company returns goods worth $3,000, which has an original cost of $1,875. The goods were accepted and a credit was issued. November 12 Payment was made for the entire amount due. Based on the transactions made, what is the amount of cost of goods sold the company will report? (Enter numerical values only; no commas or periods needed)
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