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What the cost of goods purchased is

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Bramble Corp. accounting records show the following for the year ending on December 31, 2022.

Purchase Discounts$ 11500

Freight-in16400

Purchases722020

Beginning Inventory56000

Ending Inventory58600

Purchase Returns and Allowances12100

Problem 1: Using the periodic system, the cost of goods purchased is

Option 1: $683620.

Option 2: $729220.

Option 3: $739020.

Option 4: $714820.

Reference no: EM132856586

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