Bloom Corp. uses the periodic inventory system. Determine Bloom's cost of goods sold if its beginning inventory was $124,000, purchases for the year were $265,700, and the ending inventory was $73,220. $389,700 $192,480 $316,480 $462,920 Submit Ansv

Bloom Corp. uses the periodic inventory system. Determine Bloom's cost of goods sold if its beginning inventory was $124,000, purchases for the year were $265,700, and the ending inventory was $73,220. $389,700$192,480$316,480$462,920