Reid's Rides sells high quality BMX bikes for $495 each. The cost to produce the bikes average $325.00 each. Depreciation expenses run $2,000 per year.Utilities average $1150 per month, Insurance is $2,650 per year, vehicle gas averages $95 per month, phone and internet is $275 per month and rent is $2,000 per month (5 year lease). Vehicle license and other fees are $795 per year. In addition Reid has a budget for tools at $85 per month. Last year Reid sold 547 bikes. Part time help is $7,800 per year. Reid has the following assets, miscellaneous parts $9,550, tools $4,800 delivery/service truck $22,000, office equipment, display racks, computers, phones equal $19,000 with an inventory of 80 bikes. The company has a five-year loan.The loan amount at the start of year was $50,000 with an Interest rate of 6.5%. Accumulated depreciation is in the amount of $15,000. Operating Cash is $10,000, Cash in savings of 35,000. His tax rate is 24%.Reid averages $4,500 in accounts receivable and $2,500 in accounts payable.Reid operates as a sole proprietorship.

With this question, I'm working on the income statement and balance sheet but I can't find the cost of goods sold because I am not seeing the data needed to figure the beginning and ending inventory.

Am I missing something?