Periodic System Calculating Cost of Goods Sold from Component Accounts

Symmetrical Inc. maintains a periodic inventory system. On January 1, 2020, the inventory balance was $65,000. The physical inventory count on December 31, 2020, resulted in an ending inventory balance of $78,000. The company reported purchases of $390,000, freight charges on purchases of $20,800, and purchase returns of $2,600. What should the company report as cost of goods sold for 2020?

Cost of goods sold for 2020:

$Answer