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K A company that uses the periodic inventory system provided the following information: 1. Beginning inventory $3,000 2. Purchases $130,000 3. Purchase discounts $2,000 4.
K A company that uses the periodic inventory system provided the following information: 1. Beginning inventory $3,000 2. Purchases $130,000 3. Purchase discounts $2,000 4. Purchase returns and allowances $800 At the end of the period, the physical count of inventory reveals that $16,000 worth of inventory is on hand. What is the amount of cost of goods sold? OA $146,200 OB. $130,200 C. $114,200 OD. $127,200 +
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