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Chazen Company's inventory balance at the beginning of the year was $ 6 , 0 0 0 . During the year, the company had Purchases

Chazen Company's inventory balance at the beginning of the year was $6,000. During the year, the company had Purchases of $30,000 and Purchases Returns and Allowances of $2,000. The company's inventory balance at the end of the year is $4,000. Compute cost of goods sold for the year assuming Chazen uses the periodic inventory system.
\table[[Beginning inventory,],[Purchases,],[Less: Purchases returns and allowances,],[Cost of goods available for sale,],[Less ending inventory,],[Cost of goods sold,]]
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