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:

 

ABCD No beginning inventory, ending inventory $18,000.. Beginning inventory $15,000; no ending inventory... Beginning inventory $12,000; ending inventory, $9,000. Beginning inventory $11,000, ending inventory $17,000.. Cost of Goods Sold $ $