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Sheffield Company's accounting records show the following at the year ending on December 31, 2018: Purchase Discounts Freight-In Purchases $ 11000 15400 403400 Beginning 46100

Sheffield Company's accounting records show the following at the year ending on December 31, 2018: Purchase Discounts Freight-In Purchases $ 11000 15400 403400 Beginning 46100 Inventory Ending Inventory 57400 Purchase Returns 12400 Using the periodic system, the cost of goods purchased is O $380000. O $395400. $406700. O $384100

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