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B Wholesale Company began the year with merchandise inventory of $14,000. During the year, B purchased $91,000 of goods, had purchase discounts of $200, and

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B Wholesale Company began the year with merchandise inventory of $14,000. During the year, B purchased $91,000 of goods, had purchase discounts of $200, and retumed $6,100 due to damage. B also paid freight charges of $1,100 on inventory purchases. At year-end, B's ending merchandise inventory balance stood at $17,700. Assume that B uses the periodic inventory system. Compute B's cost of goods sold for the year

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