ABC Companys accounting records show the following at the year-end December 31, 2022.

Purchase Discounts	$ 3,400	Freight-In	$ 6,100
Purchases	162,500	Beginning Inventory	18,000
Ending Inventory	20,000	Purchase Returns and Allowances	5,200

Assuming that ABC Company uses the periodic system, compute cost of goods sold.

Show all your work