Answer:
$2,435, 000
Explanation:
The Cost of goods sold represents the value of all the goods that were sold to customers in a particular year.
calculating the Cost of goods sold the formula
COGS = beginning inventory+ purchases - ending inventory
In this case
Beginning inventory is $765,000
Ending inventory is $640,000
COGS is $2,560,000
$2,560,000 = $ 765,000 + P - 640,00
$2560,000 = $125,000 +P
P= $2,560,000- $125,000
P=$2,435, 000