At the Beginning of the Quarter Purrfect Pets Has $30,000

Multiple Choice

At the beginning of the quarter Purrfect Pets has $30,000 in inventory.During the quarter the company purchases $7,900 of new inventory,has purchase returns of $700,and purchase discounts of $200.At the end of the quarter the balance in the Inventory account is $26,500.What is the cost of goods sold?

A) $10,500.
B) $11,400.
C) $3,500.
D) $11,900.