Nur

Antoine started in business on 1 April 2007. He buys clocks, repairs them in his factory and resells them. He has incurred the following costs for April 2007: Materials: $62,025 Shipping inwards: $9823 Selling expenses: $6213 Import Duty: $2615 Labour: $38,092 Postage and packaging to customers: $986 Factory Rent: $16,500 The labour and factory rent costs were incurred solely on the repair of clocks. All of the clocks have been sold during the month and there is no inventory or work in progress at the end of April. What is Antoine’s cost of sales for the month ended 30 April 2007?