Purchase Discounts $ 5,600 Freight-in 7,800 Purchases 300,010 Beginning Inventory 23,500 Ending Inventory 28,800 Purchase Returns 6,400

Purchase Discounts $ 5,600 Freight-in 7,800 Purchases 300,010 Beginning Inventory 23,500 Ending Inventory 28,800 Purchase Returns 6,400

Sampson Company’s accounting records show the following for the year ending on December 31, 2012:

Purchase Discounts $ 5,600
Freight-in 7,800
Purchases 300,010
Beginning Inventory 23,500
Ending Inventory 28,800
Purchase Returns 6,400


Using the periodic system, the cost of goods purchased is

a. $280,210
b. $304,210
c. $308,610
d. $295,810