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12. The following information is available for Anderson Company: Sales Ending Inventory......... Purchases... S105,000 9,000 60,000 I Freight-in...... Purchase Returns and Allowance... Beginning inventory.... $3,500

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12. The following information is available for Anderson Company: Sales Ending Inventory......... Purchases... S105,000 9,000 60,000 I Freight-in...... Purchase Returns and Allowance... Beginning inventory.... $3,500 1,500 11,000 Anderson's cost of goods sold is: A. B. C. D. $94,000. $92,500. $64,000. $62,000

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