The following summarizes Teslas merchandising activities for the year.

Cost of merchandise sold to customers	$ 272,000
Merchandise inventory, beginning-of-year	39,494
Merchandise purchases, gross amount	278,854
Shrinkage on inventory as of year-end	750
Transportation-in for merchandise purchases	2,789
Cost of merchandise returned by customers (and restored to inventory)	2,200
Discounts received from suppliers on merchandise purchases	2,231
Returns to and allowances from suppliers on merchandise purchases	4,000

Enter the summarized activities in the two T-accounts below.

Solve for Merchendise Inventory and Cost of Goods sold