Rhonda has oversight responsibility for the servicing and repair of her company's fleet of cars, so she frequently calls the garage mechanic to inquire whether service on various cars has been completed. Because service completion times are unpredictable, she is likely to be reinforced with positive responses to her inquiries on a schedule.

Acompany that uses the periodic inventory system provided the following information: 1. beginning inventory $ 5 comma 0002. purchases $ 150 comma 0003. purchase discounts $ 2 comma 1004. purchase returns and allowances $ 1 comma 000at the end of the period, the physical count of inventory reveals that $ 16 comma 000 worth of inventory is on hand. what is the amount of cost of goods sold?