Suppose Holt Renfrew, the specialty retailer, had these records for ladies' evening gowns during 2020 . (Click Icon to view records.) Assume sale of evening gowns totalled 132 units during 2020 and that Holt uses the weight-average-cost method under the periodic inventory system to account for inventory. The income tax rate is 26% Requirements 1. Compute Holt's cost of goods sold for evening gowns in 2020 . 2. Compute what cost of goods sold would have been if Holt had purchased enough inventory in December-at $1,750 per evening gown-to keep year-end inventory at the same level it was at the beginning of the year, 35 units. Requirement 1. Compute Holt's cost of goods sold for evening gowns in 2020. (Round all interim calculations to the nearest whole dollar. Round your answer to the nearest whole dollar.) The cost of goods sold is $ Requirement 2. Compute what cost of goods sold would have been if Holt had purchased enough inventory in December-at $1,750 per evening gown-to keep year-end inventory at the same level it was at the beginning of the year, 35 units. The cost of goods with the new units would be $