Sampson Company's Accounting Records Show the Following at the Year

Multiple Choice

Sampson Company's accounting records show the following at the year ending on December 31, 2017. $$\begin{array} { l r } \text { Purchase Discounts } & \$ 11,200 \\\text { Freight-In } & 15,600 \\\text { Purchases } & 700,020 \\\text { Beginning Inventory } & 47,000 \\\text { Ending Inventory } & 57,600 \\\text { Purchase Returns and Allowances } & 12,800\end{array}$$ Using the periodic system, the cost of goods sold is

A) $702,220.
B) $697,820.
C) $681,020.
D) $719,020.