Grand Rapids Rafting Company recorded the following data for the month of October:Cost of beginning inventory $46,000Cost of ending inventory $32,000Cost of goods sold $122,000Inventory purchases for the month of October total:A) $108,000 B) $136,000 C) $200,000 D) $44,000

Answer: Option (A) is correct.

Explanation:

Given that,

Data for the month of October:

Cost of beginning inventory = $46,000

Cost of ending inventory = $32,000

Cost of goods sold = $122,000

Inventory purchases in October:

= Cost of goods sold + Cost of ending inventory - Cost of beginning inventory

= $122,000 + $32,000 - $46,000

= $108,000