Mills Corp. Is a merchandising company that uses the periodic inventory system. Selected account balances are listed below:

sales $1,035,000 sales returns 20,000 sales discounts 15,000

Purchases 470,000 inventory( beginning) 25,000

inventory( ending) 30,000

operating expenses 248,000

interest revenue 1,000

effective income tax rate 30%

based on the above determine COGS:

Good available for sale