> A Moving to the next question prevents changes to this answer. Question 1 3- Cobb Company's accounting records show the following at the year Purchase Discounts $ 11,200 Freight - In 15,600 Purchases 402,000 Beginning Inventory 47,000 Ending Inventory 57,600 Purchase Returns 12,800 Using the periodic system, the cost of goods purchased is $383,000. $404,200. $378,000 $393,600