Question 15 0.5 pts A company's accounting records show the following account balances: Beginning Inventory $ 43,000 Ending Inventory 55,000 Freight-In 11,500 Freight-Out 15,500 Purchases 375,000 Purchase Returns and Allowances 11,000 Purchase Discounts 9.000 The company uses the periodic inventory system. Based on the information above compute cost of goods sold $370,000 $366,500 $358,500 $354,500 $343,000