Question: ULTIPLE CHOICE. Choose the one swers the question. Answer the question in the space provid Canada Company's accounting records show the following for the

ULTIPLE CHOICE. Choose the one swers the question. Answer the question in

ULTIPLE CHOICE. Choose the one swers the question. Answer the question in the space provid Canada Company's accounting records show the following for the year ending December 31, 2020 Purchase Discounts $ 28,000 Freight-In 39,000 1,000,050 Purchases 1,000,050 Beginning Inventory 117,500 Ending Inventory 144,000 Purchase Returns 32,000 117,500 +1,000,050 =1,117, 550 (COGA) 144,000 = 973.550 Using the periodic system, the cost of goods purchased is a. $901,050. b. C $1,021,050. $1,043,050. $979,050. for the year ending December

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