TB 06-108 Martock Company uses the periodic inventory ...

Martock Company uses the periodic inventory system. The following information is available for the period ending December 31:(1) Sales: $30,000 (2) Beginning inventory: $17,500 (3) Ending inventory: $8,000 (4) Purchases: $10,000The cost of goods sold for the period is

Multiple Choice

• $25,100

• $19,500

• $26,000

• $24,500

• $21,500