Given information below figure cost of goods sold.

 

cash = 1,300,000 accounts receivable = 1,750 sales = 275,500 purchases 18,000 merchandise inventory (31 Dec) = 19,275 accounts payable = 6,353 transportation-in = 2,300 prepaid insurance = 15,000 purchase discounts = 500 sales discounts 750 purchase returns and allowances 350 sales returns and allowances = 205 merchandise inventory (1 Jan) 40.000 depreciation expense delivery equipment 4,500. wages expense = 46,500 supplies - 2,450 capital 278,346