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Gently Used Cars Is a Dealer That Uses the Periodic

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Gently Used Cars is a dealer that uses the periodic inventory system. The data presented below is from the accounting records of Gently for the year ended December 31, 2014.
Gently Used Cars is a dealer that uses the periodic inventory system. The data presented below is from the accounting records of Gently for the year ended December 31, 2014. Using the amounts provided above, calculate the cost of goods sold for 2014. Using the amounts provided above, calculate the cost of goods sold for 2014.

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$421,000
$33,000 Inventory at January 1 ...

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