$164,000 $79,000 Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts $6,500 Purchase Retums and Allowances $4,500 Net Purchases Freight-in Cost of Goods Purchased Goods Available for Sale Less: Ending Inventory Total Cost of Goods Sold $68,000 $13,500 $81,500 $245,500 $83.000 What is the Total Cost of Goods Sold, according to the information in this image? O $162,750 $162,850 $162,500 $163,100 SAVE AND CONTINUE