From the following details of a merchandiser, calculate the cost of goods sold. (Assume the merchandiser uses the periodic inventory system.) Net Sales Revenue $210,000 92,000 1,600 1,250 Purchases Purchase Returns and Allowances Purchase Discounts Freight In Beginning Merchandise Inventory Ending Merchandise Inventory 1,450 60,000 38,000 O A. $111,150 O B. $112,600 O C. $67,150 O D. $52.600 Re Click to select your answer. Cloud Media Cent.. hp A company purchased inventory for $3,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company paid the shipper $300 cash for freight in. The company then returned damaged goods worth $400. The invoice was then paid eight days after the invoice date. Assuming that there was no beginning inventory balance, the cost of inventory would be system.) (Assume a perpetual inventory O A. $2,910 B. $2,822 O C. $2,700 O D. $2,522 Cick to select your