ADM 1340 Mid Term Exam - W2015 without solutions (2/15) (a) $112.000 (b) $284,000. (c) $378,000 (d) $501,000. B 31. Benz Inc. shows the following account balances for last month: Freight In......... Freight Out... $ 1,875 2,500 Purchases.. 28,000 Purchase Discounts 2,500 Sales Returns and Allowances............ 4,000 The cost of goods purchased for last month is (a) $25,875. (b) $27,375. (c) $29,875. (d) $30,500. 27375 D B Use the following information to answer question 32. For last month, the following data were taken from the ledger of Drillbit Inc.: Beginning Inventory $ 21,500 Ending Inventory .... 16,200 1,150 112.000