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Compute Cost of Goods Sold for Paul's Sporting Goods, a merchandising company, given the following information: Advertising expense = $ 35,000. Purchases of merchandise =

Compute Cost of Goods Sold for Paul's Sporting Goods, a merchandising company, given the following information: Advertising expense = $ 35,000. Purchases of merchandise = 200,000. Salaries expense = 75,000. Freight-in and import duties = 25,000. Lease of store = 65,000. Beginning inventory = 22,000. Ending inventory = 45,000

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