ThomasCo uses the perpetual inventory system. At the beginning of the quarter, Thomasco has $49,000 in inventory. During the quarter the company purchases $10.750 of new inventory from a vendor, returned $1,100 of inventory to the vendor, and took advantage of discounts from the vendor of $390. At the end of the quarter the balance in inventory is $36,000. What is the cost of goods sold? Multiple Choice $23,750 O $13,000 $24250 O o $22.260