Sheffield Corp. accounting records show the following for the year ending on December 31, 2022. Purchase Discounts $ 12400 Freight-in 15100 Purchases 690020 Beginning Inventory 43000 Ending Inventory 68600 Purchase Returns and Allowances 10700 Using the periodic system, the cost of goods purchased is O $682020. O $698020. O $703420. O $650820