Using the information below, compute total accrual basis cost of goods sold. Alpha keeps its accounting records on a cash basis during the year. At year-end, it converts its books to the accrual basis for preparing its financial statements. At the end of 2022 (the first year of operation), Alpha reported the following balances on its post-closing trial balance after converting to accrual basis. At the end of 2023 , Alpha again converted its books from cash basis to accrual basis, and prepared a balance sheet and income statement on an accrual basis. The following information was available as of December 31,2023 : Alpha depreciates its equipment using the straight-line method over 5 years with no salvage value. Assume that the balance given for other operating expenses (OE) is the same for both cash and accrual. Alpha uses the periodic inventory system. $85,000$90,000$98,000 The correct answer is not listed. $80,000