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Sampson Company's accounting records show the following for the year ending on December 31, 2017. Purchase Discounts$ 11200 Freight-in15600 Purchases700020Beginning Inventory47000Ending Inventory57600 Purchase Returns and

Sampson Company's accounting records show the following for the year ending on December 31, 2017.

Purchase Discounts$ 11200

Freight-in15600

Purchases700020Beginning Inventory47000Ending Inventory57600

Purchase Returns and Allowances12800

Using the periodic system, the cost of goods purchased is

$717220.

$691620.

$660420.

$708420.

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