The following information was taken from the 20X2 income statement of Milburn Company: Pretax profit, $12,000; Total operating expenses, $20,000; Sales revenue, $120,000. Compute the cost of goods sold.

The following information was taken from the 20X2 income statement of Milburn Company: Pretax profit, $12,000; Total operating expenses, $20,000; Sales revenue, $120,000. Compute the cost of goods sold.
A) $88,000
B) $100,000
C) $108,000
D) $112,000


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