Question 8: Periodic inventory system: ( 50 Points) 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: Cost of Goods Sold A No beginning inventory, ending inventory $18,000 B Beginning inventory $15,000, no ending inventory C Beginning inventory $12,000, ending inventory, $9,000 D Beginning inventory $1 1,000, ending inventory $17,000