2. Accounting
3. 1 compute the cost of goods sold for a retailer...

# Question: 1 compute the cost of goods sold for a retailer...

###### Question details

1.) Compute the cost of goods sold for a retailer (does not have Raw Materials or Work in Process, only Finished Goods):

 Ending Inventory $5,500 Website Maintenance$7,300 Sales Revenues $63,000 Freight-In$3,300 Import Duties $700 Marketing Expenses$12,000 Freight-Out $1,600 Purchases$45,000 Export Duties $500 Beginning Inventory$3,600

2.) Several items are missing for two different companies for the month of October.

Required: Determine the amount of the missing items by completing (in good form*) the inventory flow "template" and income statement.

In good form means proper headings (especially the income statement), legible, and accounts names are written out. Also, clearly mark answers for missing items. Please provide explanations, thank you for your help.