The following amounts appeared on the Mendelstein Companys adjusted trial balance as of October 31, 2014 the end of its fiscal year:

		Debit		Credit
Merchandise inventory	$	1,150
Other assets		35,000
Liabilities			$	31,340
Joe Mendelstein, capital				37,150
Joe Mendelstein, withdrawals		2,500
Interest revenue				125
Sales				91,400
Sales returns and allowances		7,000
Sales discounts		1,075
Purchases		43,000
Purchase returns and allowances				1,900
Purchase discounts				850
Transportation-in		4,800
Sales salaries expense		17,300
Rent expense, selling space		8,700
Store supplies expense		2,700
Advertising expense		8,500
Office salaries expense		21,500
Rent expense, office space		7,100
Office supplies expense		2,440
Totals	$	162,765	$	162,765

A physical count shows that the cost of the ending inventory is $12,100.

Required

1.	Calculate the cost of good sold