On April 20, Novak sold 50% of the goods purchased from Mockingbird. What amount would they record as cost of goods sold? Cost of goods sold $ eTextbook and Media List of Accounts Assistance Used Information related to Novak Co. is presented below. 1. On April 5, purchased merchandise from Mockingbird Company for $22,400 terms 2/10, net/30, FOB shipping point. On April 6 paid freight costs of $740 on merchandise purchased from Mockingbird. 2. 3. On April 7, purchased equipment on account for $31,400. 4. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $5,100 credit for returned merchandise. 5. On April 15 paid the amount due to Mockingbird Company in full. April 5 Inventory April 6 Accounts Payable Inventory Cash April 7 Equipment Accounts Payable 22400 740 31400 April 8 Allowance for Sales Returns and Allowance 5100 Inventory April 15 Accounts Payable Inventory Cash 17300