Incorrect Question 11 0/1 pts Assume that Mitchell Company uses a periodic inventory system and has these account balances: Purchases $570,000; Purchase Returns and Allowances $14,000; Purchases Discounts $9,000; and Freight-In $15,000. Determine net purchases. *In your responses, simply type the response, in thousands. (Example: 670000). The comma will automatically be added.* 562,000 562,000 Incorrect Question 12 0/1 pts Assume that Mitchell Company uses a periodic inventory system and has these account balances: Purchases $570,000; Purchase Returns and Allowances $14,000; Purchases Discounts $9,000; and Freight-In $15,000. Determine cost of goods purchased. *In your responses, simply type the response, in thousands. (Example: 670000). The comma will automatically be added.* 577,000