ost of Goods Sold Beginning Inventory $12,500 Add: Purchases $9,025 Less: Purchase Discounts $350 Purchase Returns and Allowances $575 Net Purchases $8,100 Freight-in $950 Cost of Goods Purchased Goods Available for Sale Less: Ending Inventory Total Cost of Goods Sold Based on the information above, calculate the Cost of Goods Purchased. $9,050 $7,150 $17,150 $9,475