Practice Question 49 The following amounts relate to Amato Company for the current year: beginning Inventory, $20,000; ending inventory $28,000; purchases, $166,000; purchase returns, $4,800; and freight-out, $6,000. The amount of cost of goods sold for the period is $153,200. $169,200 $159,200 15 18 $162,800 19 Open Show Work 20 Click if you would like to Show Work for this question: 22