Chapter 5 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 5 Question 2: (1 point) Listed below are selected account balances for Wahl Company for the year ended December 20XX: Beginning merchandise Inventory, Ending merchandise Inventory Purchases $380,000 415,000 3,800,000 150,000 Purchase returns and allowances 80,000 5,850,000 Purchase discounts Sales 16,600 Freight-In Required: Calculate the cost of merchandise sold. $[a]. When entering the answer in Blackboard, omit $ signs