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10. Saimon's factory accounting records show the following for the year ending December 31, 2020: Purchase Discounts.... $14,000 19,500 Freight-In............. Purchases... 500,025 Beginning Inventory..

10. Saimon's factory accounting records show the following for the year ending December 31, 2020: Purchase Discounts.... $14,000 19,500 Freight-In............. Purchases... 500,025 Beginning Inventory.. 58,750 Ending Inventory... 72,000 Purchase Returns...... 16,000 Using the periodic system, the cost of goods sold is * (2 Points) $489,775. $450,775. $ 521,775. $456,775.

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