Cost of Goods Sold Beginning Inventory $12,500 Add: Purchases $9,025 Less: Purchase Discounts $350 Purchase Returns and Allowances $575 Net Purchases $8,100 Freight-In $950 Cost of Goods Purchased Goods Available for Sale Less Ending Inventory Total Cost of Goods Sold Based on the information above, calculate the Cost of Goods Purchased. 3.2 In O $7150 O $17,150 3 O $9,475 3.2 32 $9,050 3.2