Avery Supplies Uses a Periodic Inventory System - How Much Is Cost of Goods Sold?
A) $26,000

Multiple Choice

Avery Supplies uses a periodic inventory system.Please refer to the following data: $\begin{array}{|l|r|}\hline \text { Beginning inventory } & \$ 3,000 \\\hline \text { Ending inventory } & 2,100 \\\hline \text { Purchases } & 24,000 \\\hline \text { Purchase discounts } & 800 \\\hline \text { Purchase returns \& allowances } & 1,200 \\\hline \text { Freight in } & 4,200\\\hline \end{array}$
- How much is Cost of goods sold?

A) $26,000
B) $22,000
C) $27,100
D) $29,200