Compute Cost of Goods Sold for Rufus's Sporting Goods, a merchandising company, given the following information: (Click the icon to view the data.) Data table Advertising expense $ 28,000 Rufus Sporting Goods Purchases of merchandise ...... 410,000 Calculation of Cost of Goods Sold Salaries expense 83,000 Purchases of merchandise 410,000 Freight-in and import duties... 21,000 Plus: Freight-in and import duties 21,000 Lease of store... 80,000 Plus: Beginning inventory 37,000 Beginning inventory 37,000 Cost of goods available for sale 468000 Ending inventory 41,000 Less: Ending inventory 41,000 427,000 Cost of goods sold Print Done