Began the year with inventory of 25000 units of its only product. The units cost $9 each. The company uses a perpetual inventory system and the FIFO cost method.

a. Purchased 125000 units at a cost of $10 per unit. Terms of the purchases were 3/10, n/30, and 70% of the purchases were paid for within the 10-day discount period. The company uses the gross method to record purchase discounts. The merch was purchased fob shipping point and freight charges of $0.60 per unit was paid.

b. 2500 units purchased during the year were returned to suppliers for credit. Was also given credit for the freight chargesof $0.60 per unit it had paid on the original purchase.

c. Sales for the year totaled 120000 units at $16 per unit.

d. Dec 28, purchased 6500 additional units at $11 each. The goods were shipped fob destination and arrived Jan 4th the following year.

e. 27500 units were on hand at the end of the year.

What is the cost of goods sold at the end of the year?