Goldblum Company Has the Following Account Balances The Cost of Goods Purchased for the Period Is
A)

question 2

Multiple Choice

Goldblum Company has the following account balances: $$\begin{array} { l r } \text { Purchases } & \$ 96,000 \\\text { Sales Returns and Allowances } & 12,800 \\\text { Purchase Discounts } & 8,000 \\\text { Freight-In } & 6,000 \\\text { Delivery Expense } & 10,000\end{array}$$ The cost of goods purchased for the period is

• A) $80,800.
• B) $88,000.
• C) $94,000.
• D) $104,000.

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