A company that uses the periodic inventory provides the following information: 1. Beginning Inventory $12,000 2....

 

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A company that uses the periodic inventory provides the following information: 1. Beginning Inventory $12,000 2. Net Purchases $93,000 At the end of the period, the physical count of inventory reveals that $14,000 of inventory is on hand. What is the amount of cost of goods sold? OA. $79,000 OB. $93,000 OC. $119,000 OD. $91,000 A company that uses the periodic inventory provides the following information: 1. Beginning Inventory $12,000 2. Net Purchases $93,000 At the end of the period, the physical count of inventory reveals that $14,000 of inventory is on hand. What is the amount of cost of goods sold? OA. $79,000 OB. $93,000 OC. $119,000 OD. $91,000

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