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