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kildare post is a retailer of fence posts. At the start of 2 0 2 0 their inventory of fence posts was 2 0 0

kildare post is a retailer of fence posts. At the start of 2020 their inventory of fence posts was 2000 pieces that had cost $5.00 each. During the year 2020 they bought 15,000 posts at a cost of $6.00 each, totaling $90,000. They sold 16,000 posts at an average price of $11.00, totaling $176,000. At the end of 2020 due to a glut in the market the replacement price of fence posts had fallen to $4.00. What is the cost of goods sold in 2020?

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