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

question 54

Multiple Choice

Geoffrg Company has the following account balances: $$\begin{array} { l r } \text { Purchases } & \$ 88,000 \\\text { Sales Returns and Allowances } & 12,800 \\\text { Purchase Discounts } & 6,000 \\\text { Freight-In } & 8,000 \\\text { Delivery Expense } & 12,000\end{array}$$ The cost of goods purchased for the period is

• A) $102000.
• B) $82000.
• C) $90000.
• D) $94000.

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Definitions:

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