Lighthouse Merchandise Group is a global operation that sells lighthouse merchandise to consumers and groups in the marketplace. The managerial accountant reported the following information: Lighthouse Merchandise Group Income Statement Month Ended October 31, 20XX $1,000,000 Sales Revenue Cost of goods sold: Beginning inventory Purchases and freight-In Cost of goods available for sale Ending inventory Cost of goods sold $25,000 $250,000 ? (75,000) 2 Compute the cost of goods available for sale at Lighthouse Merchandise Group. What is the cost of goods sold