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Kimmel, Financial Accounting, 8e Help I S CALCULATOR PRINTER VERSION BACK | Brief Exercise 5-9 Your answer is incorrect. Try again. Assume that Blossom Company uses a periodic inventory system and has these account balances: Purchases $350,000; Purchase Returns and Allowances $10,000; Purchase Discounts $6,000; and Freight-in $15,000. Determine net purchases and cost of goods purchased. Net purchases Cost of goods purthased LINK TOTEXT INTERACTIVE TUTORIAL Question Attempts: 1 of 3 used SAVE FOR LATER