Bloomington, Inc. is a merchandiser of stone ornaments. The company sold 6,000 units during the year. The company has provided the following information:Sales Revenue $566,000Purchases (excluding freight in) 300,000Selling and Administrative Expenses 69,000Freight In 13,000Beginning Merchandise Inventory 44,000Ending Merchandise Inventory 43,000What is the cost of goods sold for the year?
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