A company has a beginning inventory of

$30,000

and purchases during the year of

$110,000.

The beginning inventory consisted of

2,000

units and

7,000

units were purchased during the year. The company has

5,000

units left at

yearend.

Under

averagecost,

what is Cost of Goods Sold? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.)