Ace Company had a 28000 beginning inventory and a 36000 endi

Ace Company had a $28,000 beginning inventory and a $36,000 ending inventory. Net sales were $153,000; purchases, $76,000; purchase returns and allowances, $7,000; and freight in, $4,000. Cost of goods sold for the period is OA. $84,000. OB. $65,000 OC. $66,000. O D. $81,000. Cost of goods sold for the period = 28000+76000-7000+4000-36000= $65000 Option B is correct