Question 60 1.5 pts Use the following information to determine Cost of Goods Sold for a company that uses the periodic inventory method? Sales $1,000,000 Purchases Return and Allowance 50,000 Ending Inventory 100,000 Beginning Inventory 200,000 Purchases Discount 50,000 Sales Return and Allowance 10,000 Purchases 500,000 O $590,000 O $390,000 O $550,000 O $400,000