Jacky Inc. a reatail distributor of sofa beds provided the following information for 2013.

Merchandise inventory january1. 20000

merchandise inventory december 31. 30000

selling expense. 50 000

deliver exoense freight out 18 000

net purchases of sofa bed 265 000

rent expense 15000

utilities expense 3000

freigt in 15000

administration expense 64000

sales revenue 500 000

units sold during the year 2500

Required

1. Calculate the cost of goods sold. What is the cost per sofa sold
2. Calculate the total period costs