Think Electric uses the periodic inventory system. Think reported the following selected amounts at May $31,2024$:

$($Click on the icon to review the data.$)$

Compute the following for Think.

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