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2. Saimon's factory accounting records show the following for the year ending December 31, 2020: Purchase Discounts...... Freight-in. Purchases. Beginning Inventory Ending Inventory Purchase Returns

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2. Saimon's factory accounting records show the following for the year ending December 31, 2020: Purchase Discounts...... Freight-in. Purchases. Beginning Inventory Ending Inventory Purchase Returns $14,000 19,500 .500,025 58.750 72,000 16,000 Using the periodic system, the cost of goods sold is (2 Points) $ 521.775 $ 489.775 $ 456,775 $ 450.775

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