Given the following information for a retail company, what is the total cost of goods purchased for the period Purchases discounts $3,900 Transportation in 6,950 Ending inventory 36,050 Gross merchandise cost 313,000 Purchases returns 8,700 Beginning inventory 27,850 Sales discounts 10,600 a 299,150 b 313,000 c 307,350 d 289,800

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Given the following information for a retail company, what is the total cost of goods purchased for the period? Purchases discounts $3,900 Transportation-in 6,950 Ending

Given the following information for a retail company, what is the total cost of goods purchased for the period?

Purchases discounts	$3,900
Transportation-in	6,950
Ending inventory	36,050
Gross merchandise cost	313,000
Purchases returns	8,700
Beginning inventory	27,850
Sales discounts	10,600

a. 299,150

b. 313,000

c. 307,350

d. 289,800

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