Bluebell Company sells blue jeans. Last year, bell-bottom jeans were fashionable; this year, boot cut jeans are in style. The company has 525 units of bell-bottom jeans with a cost of $24.50 per unit and a market value of $22.50 per unit. The inventory also includes 1,150 units of boot cut jeans with a cost of $23.50 per unit and a market value of $26.50 per unit.

Record the entry for cost of merchandise sold on account from inventories.