Company Cost Of Goods Sold For Month 545975

Gabruk Inc. is a merchandising company. Last month the company’s merchandise purchases totaled $88,000. The company’s beginning merchandise inventory was $15,000 and its ending merchandise inventory was $13,000. What was the company’s cost of goods sold for the month?

a) $88,000

b) $90,000

c) $86,000

d) $116,000