Question: Armstrong Creation uses a periodic inventory system. During the current year, the company purchased merchandise at a cost of $245,000. You are to compute the

Armstrong Creation uses a periodic inventory system. During the current year, the company purchased merchandise at a cost of $245,000. You are to compute the cost of goods sold under each of the following alternative assumptions:

A. No beginning inventory; ending inventory $18,000 Costs of Good Sold: $_______________

B. Beginning inventory $15,000; no ending inventory Costs of Good Sold $_______________

C. Beginning inventory $12,000; ending inventory, $9,000 Costs of Good Sold $______________

D. Beginning inventory $11,000; ending inventory $17,000 Costs of Good Sold $_______________

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