The cash flows of a project should: be applied to the year when the related expense or income is recognized by GAAP. be computed on a pretax basis. include all incremental costs, including opportunity costs. include all financing costs related to new debt acquired to finance the project. include all sunk costs and opportunity costs.

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?