Knowledge Check Oriole Works' uses a periodic inventory system. Its accounting records show the following as of December 31, 2025. Inventory, Dec. 31, 2025 $3,800 Freight-In $1,730 Purchase Returns and Allowances 690 Purchases 97,400 Inventory, Jan. 1, 2025 5,550 Purchase Discounts 1,430 Compute cost of goods purchased and cost of goods sold. Cost of goods purchased +A $ 95280 Cost of goods sold $ 98760