Cost of Goods Sold Beginning Inventory $63,000 Add: Purchases $25,000 Less: Purchase Discounts $2,500 Purchase Returns and Allowances $1,500 Net Purchases $21,000 Freight-in $8,000 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. O $25,000 O $38,000 $29,000 $34,000