Requirement 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. (a) Calculate the cost of goods purchased by completing the schedule. (If a box is not used in the schedule, leave the box empty; do not select a label or enter a zero.) Murray Department Store Schedule of Cost of Goods Purchased For the Year Ended December 31, 2017 (in thousands) Data table Add: Deduct: Cost of goods purchased Marketing, distribution, and customer-service costs $ 35,000 Merchandise inventory, January 1, 2017 27,000 Utilities 11,000 General and administrative costs 42,000 Merchandise inventory, December 31, 2017 34,000 Purchases 153,000 Miscellaneous costs 4,000 Transportation-in 9,000 Purchase returns and allowances Purchase discounts Revenues 5,000 7,000 300,000 Print Done - X