What is cost of goods sold given the five transactions below? (Beginning balance inventory =8,000 ) . - Your Company purchased $50,000 of inventory on account, terms 4/10,n30. - Your Company purchased inventory under FOB shipping point. Shipping cost $750. - Your Company returned $10,000 of the inventory before paying its bill. - Your Company paid the amount owed in the first transaction on day 8 . - Your company sold all of its inventory on account, terms 2/10,n30. $38,400$47,150$39,150$48,750