Question 7 (1 point) ABC, Inc has a beginning inventory of $12,000. During the year they purchase $150,000 more inventory. At the end of the year, they take a physical inventory and determine $20,000 is still there (ending inventory). What is ABC, inc's cost of goods sold (CGS) for the year? a) $130,000 Ob) $138,000. c) $142,000. d) $182,000