The manufacturing operations of Barton, Inc. had the following inventory balances for the month of March, 2000:
Inventories 3/1/00 3/31/00
Raw Materials 10,000 12,000
Work in process 6,000 7,000
Finished goods 30,000 22,000
If Barton transferred $38,000 of completed goods from work in process to finished goods during March, what was the amount of the cost of goods sold?