Current Attempt in Progress Assume that Blossom Company uses a periodic inventory system and has these account balances: Purchases $364,700, Purchase Returns and Allowances $10,400, Purchase Discounts $7,600, and Freight-In $15,400. Determine net purchases and cost of goods purchased. Net purchases Cost of goods purchased Toxthook and Modi $

Assume that Blossom Company uses a periodic inventory system and has these account balances: Purchases $364,700, Purchase Returns and Allowances $10,400, Purchase Discounts $7,600, and Freight-In $15,400. Determine net purchases and cost of goods purchased Net purchases Cost of goods purchased