(a) $112,000. (b) $284,000. (c) $378,000. (d) $501,000. ADM 1340 Mid Term Exam - W2015 without solutions (2/15) B 31. Benz Inc. shows the following account balances for last month: Freight In.... Freight Out... Purchases.. Purchase Discounts. Sales Returns and Allowances............ The cost of goods purchased for last month is (a) $25,875. (b) $27,375. (c) $29,875. (d) $30,500. 27375 $1,875 2,500 28,000 2,500 4,000 DB A Use the following information to answer question 32. For last month, the following data were taken from the ledger of Drillbit Inc.: Beginning Inventory. $ 21,500 Ending Inventory..... 16,200 1,150 112,000