What is the Cost of Goods Sold

2. Although Samantha operates her business using the cash method of accounting, she maintains inventory accounts for the items she sells. Relevant information about the inventories (based on lower of cost or market) is summarized as follows: 12/31/17 12/31/18 Hairpieces and wigs $10,700 $12,600 Beauty products 11,400 9,900 Samantha's purchases for 2018 were $30,500 of hairpieces and wigs and $26.100 of beauty products Turning Heads had the following operating expenses for 2018