Marigold Lake Corporations accounting records show the following at year-end December 31, 2017:

Purchase Discounts		$5,960		Beginning Inventory		$33,550
Freight-In		8,710		Ending Inventory		28,600
Freight-Out		10,940		Purchase Returns and Allowances		3,810
Purchases		163,210

Assuming that Marigold Lake Corporation uses the periodic system, compute cost of goods purchased and cost of goods sold.

Cost of goods purchased ______________________

Cost of goods sold ___________________________