The following information pertains to Bright Toy Company’s operating activities for 2012. The company sells light box toys and sold 10,000 units in 2012.
|
Purchases |
$126,000 |
|
Selling and Administrative Expenses |
90,000 |
|
Merchandise inventory, 1/1/2012 |
14,000 |
|
Merchandise inventory, 12/31/2012 |
10,000 |
|
Sales Revenue |
250,000 |
What is the cost of goods sold for 2012?
A) $104,000
B) $124,000
C) $130,000
D) $140,000