Using the following information, what is the cost of merchandise sold? 
Definitions:
Market Value
The existing rate at which a service or asset is available for purchase or sale on the marketplace.
Paid-In Capital
Funds raised by a company from investors through the issuance of securities such as stocks, representing the capital contributed by shareholders in excess of the par value of the shares.
Stockholders' Equity
Stockholders' equity represents the residual interest in the assets of a corporation, after deducting liabilities.
Par Common Stock
The nominal or face value assigned to common stock shares, as stated in the corporate charter.
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