Nieman Inc., a local retailer, has provided the following data for the month of March: Merchandise inventory, beginning balance ...... Merchandise inventory, ending balance............ Sales Purchases of merchandise inventory ....... Selling expense Administrative expense........... $30,000 $34,000 $280,000 $146,000 $27,000 $64,000 DE.......... ............... The cost of goods sold for March was: O $237,000 O $150,000 O $142,000 O $146,000