Calculate the Cost of Goods Sold for a Merchandiser Using

Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details. $$\begin{array} { | l | r | } \hline \text { Purchases } & \$ 510,000 \\\hline \text { Beginning Merchandise } & \\\text { Inventory } & 180,000 \\\hline \text { Purchase Returns and } & \\\hline \text { Allowances } & 50,000 \\\hline \text { Purchase Discounts } & 14,000 \\\hline \text { Freight In } & 15,000 \\\hline \text { Ending Merchandise Inventory } & 180,00 \\\hline\end{array}$$

A) $510,000
B) $461,000
C) $476,000
D) $821,000