For the Current Fiscal Year, Purchases Were $166,000, Purchase Returns

Multiple Choice

For the current fiscal year, Purchases were $166,000, Purchase Returns and Allowances were $3,000 and Freight In was $12,000. If the beginning merchandise inventory was $110,000 and the ending merchandise inventory was $75,000, the Cost of Goods Sold is:

A) $186,000
B) $116,000
C) $210,000
D) $216,000