For the current fiscal year, Purchases were $170,000, Purchase Returns and Allowances were $3,200 and Freight In was $11,000. If the beginning merchandise inventory was $120,000 and the ending merchandise inventory was $77,000, the Cost of Goods Sold is:

Multiple Choice

• $220,800

• $198,800

• $112,800

• $227,200

(Please help me figure this out, i need to show the math used to get to the correct answer as well, I am stuck on this....)