Question - Aphrodite Corporation's income statement showed $78,000 in cost of goods sold for the year ending December 31, 2008. During that same year, merchandise inventory was purchased for $80,000, freight-in amounted to $300, defective merchandise worth $500 was returned and the ending merchandise inventory balance was $11,900. Based on this information, what must beginning inventory have been?
A. $10,100
B. $13,700
C. $10,400
D. $9,900