A. $85,700 B. $108,700 C. $113,000 D. $90,000

Paper Clip Company sells offce supplies. The following information summarizes the company's operating activities for the year: Utilities for the store Sales commissions Sales revenue Purchases of merchandise January 1 inventory Rent for store December 31 inventory What is cost of goods sold? $ 10,200 10,800 164,000 85,700 27,300 13,800 23,000 o o A. B. $85,700 $108,700 $113,000 $90,000