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Presented below is information for Oakley Company for the month of March 2020. Cost of goods sold $254,000 Rent expense $36,000 Freight-out 7,500 Sales discounts

Presented below is information for Oakley Company for the month of March 2020.

Cost of goods sold $254,000 Rent expense $36,000
Freight-out 7,500 Sales discounts 8,800
Insurance expense 5,000 Sales returns and allowances 11,000
Salaries and wages expense 75,000 Sales revenue 425,000

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