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2 $67,500 $19,350 Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts $2,250 Purchase Returns and Allowances $1.350 Net Purchases Freight-in Cost of
2 $67,500 $19,350 Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts $2,250 Purchase Returns and Allowances $1.350 Net Purchases Freight-in Cost of Goods Purchased Goods Available for Sale Less: Ending Inventory Total Cost of Goods Sold $15.750 $1,800 $17,550 $85,050 $25,325 Based on the portion of an expanded income statement below, the Total Cost of Goods Sold is a.) $59,725 b.) $60,725 oc) $14.525 d.) 5127.225 1. E Mac esc 20 do
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