Slipper Electric uses the periodic inventory system. Slipper reported the following selected amounts at May 31, 2018: LOADING...(Click on the icon to review the data.) Compute the following for Slipper: a. Cost of goods sold. b. Gross profit. a. Compute the cost of goods sold. Cost of Goods Sold: Less: Plus: Less: Cost of Goods Sold Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Data Table Merchandise Inventory, June 1, 2017 $16,500 Freight In $5,000 Merchandise Inventory, May 31, 2018 24,500 Net Sales Revenue 173,000 Purchases 84,000 Common Stock 16,000 Purchase Discounts 6,500 Retained Earnings 10,000 Purchase Returns and Allowances 8,000