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Kenobi Corp. has the following information available regarding its irventory: begin{tabular}{|l|l|} hline Beginning Inventory & $24,400 hline Gross Purchases & $56,200 hline Freight-ln

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Kenobi Corp. has the following information available regarding its irventory: \begin{tabular}{|l|l|} \hline Beginning Inventory & $24,400 \\ \hline Gross Purchases & $56,200 \\ \hline Freight-ln & $2,900 \\ \hline Purchase Allowances & $1,300 \\ \hline Ending Inventory & $46,300 \\ \hline NRV of Ending Inventory & $42,000 \\ \hline \end{tabular} What is the amount of Cost of Goods Sold reported for the year? What is the amount of Cost of Coods Sold reported for the year? $35,900 $40,200 $41.500 $1.600 None of the above

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