For the current fiscal year, Purchases were $325,000, Purchase Returns and Allowances were $9,500, Purchase Discounts were $3,500 and Freight in was $45,000. If the beginning merchandise inventory was $68,000 and the ending merchandise inventory was $91,000, the Cost of Goods Sold is: Multiple Choice $334,000 $380,000 O $360,000 $357,000