Beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000.

13. Use this information to answer the following question. Account Name Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Freight-In Selling Expenses General and Administrative Expenses Debit Credit 300,000 10,000 70,000 8,000 12,000 30,000 110,000 In addition, beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000. Cost of goods sold for the period was a. $82,000. b. $70,000. c. $96,000. d. $66,000