DE5-19 At January 31. 1999. Target Corporation had merchandise inventory of $3.475 million. During the following year. Target purchased inventory costing $23.352 million, including freight in. At January 31, 2000. Target's inventory stood at $3.798 million. 1. Compute Target's cost of goods sold as in the periodic inventory system. 2. Compare your cost-of-goods-sold figure to Exhibit 5-1. page 000. The two amounts should be equal. Are they?