Question: The following information pertained to Azur Co. for the year: Purchases $102,800 Purchase discounts 10,280 Freight in 15,420 Freight out 5,140 Beginning inventory 30,840 Ending

The following information pertained to Azur Co. for the year:

Purchases $102,800 Purchase discounts 10,280 Freight in 15,420 Freight out 5,140 Beginning inventory 30,840 Ending inventory 20,560 What amount should Azur report as cost of goods sold for the year?

a. $102,800

b. $118,220

c. $123,360

d. $128,500

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