The following information were obtained from Company A's accounting records:

Sales for the 11 months ended November 30 P 3,400,000

Sales for the year ended December 31 3,840,000

Purchases for 11 months ended November 30 2,700,000

Purchases for year ended December 31 3,200,000

Inventory, January 1 350,000

Inventory, November 30 (per physical count) 380,000

Additionally, the following were noted:

Shipments received in unsalable condition and excluded

from physical inventory:

Total at November 30 4,000

Total at December 31 (incl. Nov. 30

Unrecorded returns) 6,000

The returns were not recorded because no credit memos

were received from vendors.

Deposit made with vendor and charged to

Purchases in October. The goods were shipped

in January of the current year. 8,000

Deposit made with vendor and charged to

Purchases in November. The goods were

shipped FOB destination on November 29 and

were included in the physical inventory as

goods in transit. 22,000

Shipments received in November and included

in the physical count at November 30 but

recorded as December purchases. 30,000

Due to the carelessness of the receiving

department, a December shipment was

damaged by rain. These goods were later

sold at cost in December. 40,000

Based on the preceding information, determine:

(1) Net purchases for the year ended December 31

(2) Cost of goods sold for the year ended December 31

(3) Estimated ending inventory as of December 31