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

question 146

Multiple Choice

Sampson Company's accounting records show the following at the year ending on December 31, 2014. $$\begin{array} { l r } \text { Purchase Discounts } & \$ , 600 \\\text { Freight-In } & 7,800 \\\text { Purchases } & 350,010 \\\text { Beginning Inventory } & 23,500 \\\text { Ending Inventory } & 28,800 \\\text { Purchase Returns and Allowances } & 6,400\end{array}$$ Using the periodic system, the cost of goods sold is

• A) $351,110.
• B) $348,910.
• C) $340,510.
• D) $359,510.

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