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Using the following information, what is the cost of merchandise sold? Purchases $32,000 Selling expense $ 960 Merchandise inventory, September 1 5,700 Merchandise inventory, September

Using the following information, what is the cost of merchandise sold?

Purchases	$32,000	Selling expense	$ 960
Merchandise inventory, September 1	5,700	Merchandise inventory, September 30	6,370
Administrative expense	910	Sales	63,000
Rent revenue	1,200	Interest expense	1,040

a.$38,370

b.$32,670

c.$32,400

d.$31,330

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