* cost of goods sold st. 24 Page Problem - 3 The December 31, 198 trial balance of Menges company showed soles - $ 14000, 500 purchase fet) = 2400,000 32,000 transportation in a direct labor 3, 204,000 sales salaries 200,000 > sales returns and allowance 8 2520 factory o/H 1,885600 o/ Advertising expense 155000 delivery expense 65.000 inventories: December 31, 196 December 31, 19A $ 467,400 $ 6,20,000 Finished goods work in progress materials 1,36, 800 1.29,800 1,96,000 176,000