A Company That Uses the Periodic Inventory Provides the Following

Multiple Choice

A company that uses the periodic inventory provides the following information: 1.Beginning Inventory $15,000
2) Net Purchases $93,000
At the end of the period,the physical count of inventory reveals that $13,000 of inventory is on hand.
What is the amount of cost of goods sold?

A) $93,000
B) $121,000
C) $95,000
D) $80,000