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Question 9 Cost of Goods Sold Beginning Inventory $12.500 Add: Purchases $9.025 Less: Purchase Discounts $350 Purchase Returns and Allowances $75 Net Purchases $8,600 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