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Waterway Company's accounting records show the following at the year ending on December 31, 2018: Purchase Discounts $11800 Freight - In 15200 Purchases 402200 Beginning

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Waterway Company's accounting records show the following at the year ending on December 31, 2018: Purchase Discounts $11800 Freight - In 15200 Purchases 402200 Beginning Inventory 47700 Ending Inventory 57200 Purchase Returns 12800 Using the periodic system, the cost of goods sold is $392800. $402300 $383300 O $377600

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