A Company Using the Periodic Inventory System Has the Following

Multiple Choice

A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year,$3,600;Transportation-In,$650;Purchases,$10,700;Purchase Returns and Allowances,$1,950;Purchase Discounts,$330.The cost of goods purchased is equal to

A) $12,670.
B) $9,070.
C) $8,420.
D) $17,230.