A retailer uses the periodic inventory system. At year end, the following information was available: Beginning inventory, $62,000; Freight out, $10,500; Purchase returns, $17,500; Ending inventory, $69,400; Freight in. $21,300, and Purchases, $456,000. What was the retailer's cost of goods sold for the year? Select one: O a. $467,200 Ob. $452,400 O c. $476,300 Od $456,000 Oe. $462,900