Sneakers Shoe Store has a beginning inventory of $15 000. During the period, purchases were $70 000; purchase returns $2000; and freight-in $5000. A physical count of inventory at the end of the period revealed that $10 000 was still on hand. The cost of goods available for sale was

LO5.4

1. A$82 000.
2. B$78 000.
3. C$88 000.
4. D$92 000.