Myrtle Beech sells seashells by the seashore. Myrtle owns and operates the "One Stop Shell Shop near Port Charlotte, Florida. The following information was derived from the 2020 accounting records of Myrtle's "One Stop Shell Shop" Myrtle's central warehouse in Port Charlotte $26,000 47,500 1,500 Myrtle's shells held by consignees on Venice Beach $2,800 9,000 Beginning inventory Purchases Freight-In Transportation to consignees Freight-Out Ending Inventory 2,500 29,000 500 800 2,000 Instructions: What was Myrtle's 2020 cost of goods sold? Please ensure you provide a clear calculation and explanation for the treatment of each line item! Your COGS calculation must be in good form