During August 2014, Packer Manufacturing had the following cash receipts and disbursements:

Cash received from customers - $319,000

Cash received from selling equipment - $11,200

Cash paid for salaries - $47,000

Cash paid to suppliers for inventory purchases - $130,000

In addition, the following balance sheet account balances were shown on Packer's books:

July 31 August 31

Accounts Receivable $128,000 $135,000

Inventory $33,000 $25,000

Accounts Payable $21,000 $25,000

Salaries Payable $8,000 $5,000

Assume all sales and purchases are on account.

REQUIRED:

1. Determine sales for August 2014.

2. Determine salary expense for August 2014.

3. Determine cost of goods sold for August 2014.