S5B-17 (similar to) Question Help 0 J Wholesale Company began the year with merchandise inventory of $9,000. During the year, J purchased $95,000 of goods and returned $6,000 due to damage. J also paid freight charges of $1,000 on inventory purchases. At year-end, J's ending merchandise inventory balance stood at $17,200. Assume that J uses the periodic inventory system. Compute 's cost of goods sold for the year, Less Plus: Less Cost of Goods Sold