Additional Relevant Information:

Sales for the year were strong, but in October, management realized that to meet the goal of selling $25,000,$ they would need to reduce the price to $$14\mathrm{.}99$ for holiday sales. This allowed $25,272$ units to be sold for the year with total sales of $$478,320\mathrm{.}28.$

The owners of the business gifted $$100,000$ in cash and equipment to get the business started. This is reflected in the machinery$/$equipment and Owner's Equity line item on the adjusted trial balance below. This information was not available during the budget process, so it was not in the original budget.

$\backslash$table$[[\backslash$table$[[$Jingle Beers$],[$Adjusted Trial Balance$],[$December $31,2023]]],[,$Debit,Credit$],[$Cash$,25,069\mathrm{.}78,],[$Accounts Receivable $,83,602\mathrm{.}86,],[$Allowance for Dbt Accouts,,$1,520\mathrm{.}00$

COGS is $345990$ which ends up making the trial balance equal at $588425\mathrm{.}88$