Streif Inc., a local retailer, has provided the following data for the month of June: Merchandise inventory, beginning balance Merchandise inventory, ending balance Sales Purchases of merchandise inventory Selling expense Administrative expense $ 46,000 $ 52,000 $ 260,000 $ 128,000 $ 13,000 $ 40,000 The cost of goods sold for June was: $134,000 $122.000 $181.000 $128.000 |