For the Current Fiscal Year, Purchases Were $187,000, Purchase Returns

Multiple Choice

For the current fiscal year, Purchases were $187,000, Purchase Returns and Allowances were
$4,200 and Freight In was $10,500. If the beginning merchandise inventory was $98,000 and the ending merchandise inventory was $103,000, the Cost of Goods Sold is:

A) $ 167,300
B) $196,700
C) $193,300
D) $188,300