For the current fiscal year, Purchases were $295,000, Purchases Returns and Allowances were $8,900, Purchases Discounts were $2,900 and Freight In was $39,000. If the beginning merchandise Inventory was $65,000 and the ending merchandise inventory was $85,000, the Cost of Goods Sold is: Multiple Choice $325,800 $322.200 $302,200 $342,200