Use this information to answer the following question. Sales 300,000 Sales Returns and llowances 10,000 Purchases 62,000 Purchases Returns and Allowances 8,000 Freight- In 12,000 Selling Expenses 30,000 General and Administrative Expenses 110,000 In addition, beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000. Cost of goods sold for the period was A. $88,000. B. $74,000. C. $62,000 D. $58,000