Cobb Company's Accounting Records Show the Following at the Year

question 52

Multiple Choice

Cobb Company's accounting records show the following at the year ending on December 31, 2015: $$\begin{array} { l r } \text { Purchase Discounts } & \$ 11,200 \\\text { Freight - In } & 15,600 \\\text { Purchases } & 402,000 \\\text { Beginning Inventory } & 47,000 \\\text { Ending Inventory } & 57,600 \\\text { Purchase Returns } & 12,800\end{array}$$ Using the periodic system, the cost of goods sold is

• A) $378,000.
• B) $383,000.
• C) $393,600.
• D) $404,200.

---

Definitions:

Irreversible

A characteristic of a process or reaction that cannot be reversed, meaning it cannot return to its original state.

Psychosurgery

Surgical operations on the brain intended to relieve severe mental disorders.

Cingulotomy

A neurosurgical procedure that targets the cingulate gyrus to treat certain mental disorders, such as severe depression and obsessive-compulsive disorder.

Bilateral Lobotomy

A surgical procedure that involves severing connections in the brain's prefrontal lobe, historically used to treat mental illness with often debilitating results.