The following is from Goldman Inc's 2015 income statement. Purchases $182,000 Transportation-In 11,000 Inventory, January 1, 2015 26,500 Inventory, December 31, 2015 28,800 Purchase Returns and Allowances 8,400 How much will Goldman report as its cost of goods sold in its 2015 income statement?
a. $179,900
b. $182,300
c. $186,900
d. $190,700
b
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