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a company has merchandise inventory of $101,000 on January 1 during the year it recorded purchases of merchandise inventory of $972,000, returned $244,000 of this

a company has merchandise inventory of $101,000 on January 1 during the year it recorded purchases of merchandise inventory of $972,000, returned $244,000 of this merchandise, and took discounts of $26,000 against this merchandise. At December 31, its merchandise inventory balance is $415,000. how much is cost of goods?

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