ods sold for July: Apper EX 5-38 Cost of goods sold Based on the following data, determine the cost of goods sold for Estimated returns of July sales $ 34,900 Inventory, July 1 190,850 Inventory, July 31 160,450 Purchases 1,126,000 Purchases returns and allowances 46,000 Purchases discounts 23,000 Freight in 17,500