DEF Merchandising, Inc. had the following information for August: - Sales revenue =$50,000 - Selling \& administrative expenses =$5,000 - Merchandise on July 31=$500 - Purchases in August =$22,000 - Merchandise on August 31=$900 - Units sold =2,000 Q1: What is the firm's COGS for the month? Q2: What is the firm's gross profit for the month? Q3: What is the firm's operating income for the month? Q4: What is the firm's cost per unit sold for the month? - COGM = Cost of goods manufactured 7FG= Finished roods