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Amount incorrectly entered on trial balance.

a. Trial balance preparation errors b. Account balance errors c. Posting errors

A company that uses the periodic inventory provides the following information:

1. Beginning Inventory $15,000 2. Net Purchases $94,000 At the end of the period, the company does an inventory count and finds $12,000 of inventory on hand What is the amount of cost of goods sold? A) $94,000 B) $121,000 C) $97,000 D) $82,000