Robin Company uses a periodic inventory system. Use the following details to calculate the cost of goods sold. Beginning merchandise inventory 2,000 Ending merchandise inventory2,300 Purchases 22,000 Purchase Discounts700 Purchase Returns and Allowances 1,500 Freight In4,200. What is the cost of goods sold?
1) $24,200
2) $19,800
3) $23,700
4) $26,000