5B-17 (book/static) Question Help M Wholesale Company began the year with merchandise inventory of $5,000 During the year M purchased $33.000 of goods and relumed $6,600 due to damage. M also paid freight charges of $1,200 on inventory purchases. At year-end, Ms ending merchandse inventory balance stood at $17 200 Assume that M uses the periode inventory system Compute Ms cost of goods sold for the year Less Pus Less Cost of Goods Scid