The following information for the year 2016 is taken from the accounts of Tuttle Company. The company uses the periodic inventory method. $10,000 42,000 800 600 Inventory, December 31, 2015 Purchases Purchase returns and Jallowances Purchase discounts Freight on goods purchased under terms FOB shipping point Freight on goods sold under terms FOB destination Cost of goods sold 1,800 1.000 30,400 Based on this information, the inventory at December 31, 2016 is Multiple Choice $22,000. $12,400 $19,000 $29,400