Determine cost of goods using periodic system

Reference no: EM13141263

Sampson Company's accounting records show the following at the year ending on December 31, 2010.

Purchase Discounts $5,600
Freight-in 7,800
Purchases 200,010
Beginning Inventory 23,500
Ending Inventory 28,800
Purchase Returns 6,400

Using the periodic system, the cost of goods sold is:

a) $209,510.

b) $201,110.

c) $190,510.

d) $198,910

Reference no: EM13141263

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