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Linh Do Accounting Business sells accounting Books. Selected account balances are listed below. Sales $500 000 Purchases 61,740 Beginning inventory 19,127 Ending inventory 20,776 Operating
Linh Do Accounting Business sells accounting Books. Selected account balances are listed below.
| Sales | $500 000 |
| Purchases | 61,740 |
| Beginning inventory | 19,127 |
| Ending inventory | 20,776 |
| Operating expenses | 148 000 |
| Income tax expense | 10 000 |
| Beginning retained earnings | 53 000 |
| Dividends | 15 000 |
Calculate the cost of goods sold for Linh Do Accounting Business
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