A. $113,900 B. $147,900 OC $126 ann A company that uses the periodic inventory system provided the following information: 1. Beginning inventory $4,000 2. Purchases $130,000 3. Purchase discounts $2,400 4. Purchase returns and allowances $700 At the end of the period, the physical count of inventory reveals that $17,000 worth of inventory is on hand. What is the amount of cost of goods sold?