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Cost of Goods Sold table [ [ Beginning Inventory,,$ 6 3 , 0 0 0 Cost of Goods Sold Beginning Inventory Add: Purchases Less:

Cost of Goods Sold
\table[[Beginning Inventory,,$63,000
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Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts Purchase Returns and Allowances Net Purchases Freight-in Cost of Goods Purchased Goods Available for Sale Less: Ending Inventory Total Cost of Goods Sold $63,000 $2,500 $1,500 $25,000 $21,000 $8,000 Based on the information above, calculate the Cost of Goods Purchased.

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