Destiny Industries reports beginning inventory of $256,000 purchases of $560,000 and ending inventory of $200,000. What is the cost of goods sold? O $816,000 O $504,000 O $616,000 O $1,016,000

Destiny Industries reports beginning inventory of $256,000 purchases of $560,000 and ending inventory of $200,000. What is the cost of goods sold? $816,000$504,000$616,000$1,016,000