During the year, a stationery store achieved the following results: Sales Purchases, at cost $1,585,000 $ 548,000 $ 5,000 Transportation charges Beginning of year inventory, at cost $ End of year inventory, at cost 555,000 $ 500,000 Determine the gross cost of merchandise sold.

3. During the year, a stationery store achieved the following results: Determine the gross cost of merchandise sold