The following amounts relate to the current year for the Ira Company:
|
Beginning inventory |
$ 20,000 |
|
Ending inventory |
28,000 |
|
Purchases |
166,000 |
|
Purchase returns |
4,800 |
|
Freight-out |
6,000 |
The amount of cost of goods sold for the period is:
- $169,200.
- $162,800.
- $153,200.
- $147,200.