Cost of Goods Sold: Periodic Inventory System

SE$8.$ Using the data that follows and assuming cost of goods sold is $$273,700,$ prepare

the cost of goods sold section of a merchandising income statement $($periodic inventory

system$).$ Include the amount of purchases for the month of October.

Freight$-$in $$13,800$

Merchandise inventory, Sept. $30,201437,950$

Merchandise inventory, Oct. $31,201450,600$

Purchases $?$

Purchases returns and allowances $10,350$