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Question: bloomington inc is a merchandiser of stone ormaments the company...

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Bloomington, Inc. is a merchandiser of stone ormaments. The company sold 7,500 units during the year. The company has provided the following information: Sales Revenue Purchases (excluding freight in) S600,000 03,000 67,000 13,000 45,000 3,000 Freight In Beginning Merchandise Inventory Ending Merchandise Inventony What is the cost of goods sold for the year? O A. $305,000 OB. S314.000 C. $318.000 D. $361,000

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