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Glen Company is a retail operation. It has the following data pertaining to the year ended December 31: Purchases$450,000Beginning inventory$170,000Ending inventory$210,000Freight-in$50,000Freight-out$75,000 How much is the

Glen Company is a retail operation. It has the following data pertaining to the year ended December 31:

Purchases$450,000Beginning inventory$170,000Ending inventory$210,000Freight-in$50,000Freight-out$75,000

How much is the cost of goods sold for the year?

A.$385,000B.$485,000C.$460,000D.$535,000

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