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3 Cost of goods sold Merchandise inventory, January 1 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 10. 94,000 115,000 6,00

3 Cost of goods sold Merchandise inventory, January 1 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 10. 94,000 115,000 6,00 69,000 Multiple Choice 0 56 . 5628 . $562,000. 0 56070

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