Woods Company had an inventory balance of $11.500 on January 1, 2020. During 2020 the company made purchases of $140,000. If the physical count indicated that the leventory balance at December 31, 2020 was $22,000, what is the cost of goods sold during 2020? $140,000 $150.500 5167.000 $129.500 Question 4 3 pts Allstar, Inc. purchases inventory and incurs the following costs related to the purchase 1. Invoice price, 550.000 2. Fos shipping freight charges, $1,500 3. Insurance during transit 5500 4. Purchase returns $1.000 5. Purchase discounts, 51.200 Compute the total cost that should be assigned to inventory as a result of this purchase thint prepare the inventory t-account $50.000 549.800 347.800 554200