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Assume that Swann Company uses a periodic inventory system and has these account balances: Purchases $ 6 3 0 , 0 0 0 ; Purchase

Assume that Swann Company uses a periodic inventory system and has these account balances: Purchases $630,000; Purchase Returns and Allowances $25,000; Purchase Discounts $11,000; and Freight-In $19,000; beginning inventory of $45,000; ending inventory of $55,000; and net sales of $750,000.
Determine the cost of goods sold.
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