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Blossom Corporation's accounting records show the following at year-end December 31, 2022: Purchase Discounts Freight-In Freight-Out Purchases $7,700 9,840 10.050 164,480 Beginning Inventory Ending Inventory

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Blossom Corporation's accounting records show the following at year-end December 31, 2022: Purchase Discounts Freight-In Freight-Out Purchases $7,700 9,840 10.050 164,480 Beginning Inventory Ending Inventory Purchase Returns and Allowances $31.950 28,980 4,440 Assuming that Blossom Corporation uses the periodic system, compute cost of goods purchased and cost of goods sold. $ Cost of goods purchased Cost of goods sold $

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