Clean Lake Corporation’s accounting records show the following at year-end December 31, 2022: 

Assuming that Clean Lake Corporation uses the periodic system, compute (a) cost of goods purchased and (b) cost of goods sold.

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Beginning Inventory Ending Inventory Purchase Returns and Allowances Purchase Discounts Freight-In Freight-Out Purchases $ 5,900 $31,720 27,950 8,400 11,100 3,600 162,500