AUM 1340 Mid Term Exam - W2015 without solutions (215) (a) $25.875 (b) 375 B --- 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 Freight In.......... 1,150 Purchases..... 112.000 Purchase Discounts 750 1,900 Purchase Returns and Allowances. 32. What was the cost of goods purchased? (a) $110,100 (b) $109,350 (c) $110,500 (d) $108,200 21500 + 112000-16e +