Robin, Inc A) $22,100
B) $17,900
C) $24,600
D) $27,100

question 15

Multiple Choice

Robin, Inc. uses a periodic inventory system. Use the following details to calculate the cost of goods sold. $$\begin{array} { | l | r | } \hline \text { Beginning merchandise inventory } & \$ 5,000 \\\hline \text { Ending merchandise inventory } & 2,500 \\\hline \text { Purchases } & 20,000 \\\hline \text { Purchase Discounts } & 800 \\\hline \text { Purchase Returns and Allowances } & 1,300 \\\hline \text { Freight In } & 4,200 \\\hline\end{array}$$

• A) $22,100
• B) $17,900
• C) $24,600
• D) $27,100