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Last month the company merchandisepurchases totaled $70,000. The company's beginning merchandise inventory was$15,000 and its ending merchandise inventory was $12,000. What was the company'scost of

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Last month the company merchandisepurchases totaled $70,000. The company's beginning merchandise inventory was$15,000 and its ending merchandise inventory was $12,000. What was the company'scost of goods sold for the month? Select one: O a. $73,000 O b. $64,000 O C. $71,000 O d. $68,000

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