Swanson,Inc A)$24,200
B)$19,800
C)$23,700
D)$26,000

question 10

Multiple Choice

Swanson,Inc.uses a periodic inventory system.From the following details,calculate the cost of goods sold. $$\begin{array} { | l | r |} \hline \text { Beginning merchandise inventory } & \$ 2,000 \\\hline \text { Ending merchandise inventory } & 2,300 \\\hline \text { Purchases } & 22,000 \\\hline \text { Purchase Discounts } & 700 \\\hline \text { Purchase Returns and Allowances } & 1,500 \\\hline \text { Freight In } & 4,200 \\\hline\end{array}$$

• A)$24,200
• B)$19,800
• C)$23,700
• D)$26,000

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