In: Accounting
From the following information, compute cost of goods
sold.
| Purchase returns | 
 $ 1,200  | 
| Inventory, December 31 | 
 2,500  | 
| Freight-in | 
 1,100  | 
| Inventory, January 1 | 
 2,800  | 
| Purchases | 
 15,000  | 
Group of answer choices
$15,300
$15,200
$15,100
$15,000