Glen Company uses the perpetual inventory system. The company entered into the following events:1) Purchased merchandise inventory that cost $10,000 under terms of 2/10, n/30.2) Made payment to the supplier within the discount period.3) Sold all of the goods to customers on account for $22,000.What is Glen's cost of goods sold as a result of these three transactions?
A. $9,800
B. $10,000
C. $21,800
D. $9,000
Answer: A
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