Use the following information for questions.
Hudson, Inc.is a calendar-year corporation.Its financial statements for the years 2011 and 2010 contained errors as follows: 
-The following information is available for Naab Company for 2010: 
The cost of goods sold is equal to 400% of selling expenses.What is the cost of goods available for sale?
Definitions:
Second Column
In a table or spreadsheet, this refers to the column positioned second from the left.
Currency Exchange Rates
The value of one country's currency expressed in the units of another country's currency, used in the process of exchanging currencies between nations.
Equivalent Amount
A sum of money or value that is considered to be equal in worth or value to another.
First Column
The leftmost column in a spreadsheet or table, often containing the primary key or unique identifiers.
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