Malcom, Inc. had the following balances and transactions during $2017$:

What would be reported as Cost of Goods Sold on the income statement for the year ending December $31,2017$ if the perpetual inventory system and the first$-$in$,$ first$-$out inventory costing method are used?

Supporting Materials

$*$

$\backslash$table$[[$Beginning Merchardioe lriventopy as of January $1,2017,175$ urils at $$82$