Question & Answer: Cost of goods sold–merchandiser The following data were taken from the general ledger…..

Cost of goods sold–merchandiser The following data were taken from the general ledger of Owens Booksellers on January 31, the end of the first month of operations in the current fiscal year: Merchandise inventory, January 1: $22,000. Purchases: $183,000 Merchandise inventory, January 31: $17,000 Compute the cost of goods sold for the month of January. Format ($XX,XXX). Please note the format when providing answer