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Part B and C - Word buhou aha0.50 bloul Quali 3. Igrallblad 5000 53000 400 5. McGraw Hill had $5,000 of inventory at the beginning

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Part B and C - Word buhou aha0.50 bloul Quali 3. Igrallblad 5000 53000 400 5. McGraw Hill had $5,000 of inventory at the beginning of 2019. During the year, the company bought $55,000 in inventory. The company paid $400 transportation expense as the inventory was purchased FOB shipping point. During the year, the company returned $2000 of inventory to the supplier. The supplier gave $1,200 as cash discount for payment within the discount period. At the end of the year, the ending inventory worth $8,000 Calculate the cost of goods sold. Page 3 of 5 w] DOLL F12 Priser Insert F11 FB F9 F10 F7 F6 8

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