Sunland Company's accounting records show the following at the year ending on December 31, 2020:

Purchase Discounts	$ 11700
Freight-In	15700
Purchases	401700
Beginning Inventory	47700
Ending Inventory	58000
Purchase Returns	12500

Using the periodic system, the cost of goods purchased is

$403500.

$393200.

$377500.

$412000.

Sunland Company's accounting records show the following at the year ending on December 31, 2020:

Purchase Discounts	$ 11700
Freight-In	15700
Purchases	401700
Beginning Inventory	47700
Ending Inventory	58000
Purchase Returns	12500

Using the periodic system, the cost of goods purchased is

$403500.

$393200.

$377500.

$412000.