Cost of goods purchased amount is: * $12,000 $8,000 $11,000 None of the options ...... Cost of goods sold amount is: * $49,000 $67,000 $52,000 None of the options ....... Total Operating Expenses amount is: * $7,300 $18,300 $19,600 None of the options ...... Total Expenses & Losses amount is: * $11,900 $22,900 $72,900 None of the options

The following accounts are extracted from the worksheet of Rachel Company on December 31, 2020 Inventory (beginning) $72,000 Purchase discount 2,000 Freight-out 11,000 Inventory (ending) 34,000 Depreciation Expense 4,000 Loss on Disposal of Plant Asset 2,000 Salaries Expense 4,600 Purchase return and allowance 1,500 Freight-in 5,500 Interest Expense 1,300 Purchases 10,000