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A company using the periodic inventory system has inventory costing $187 on hand at the beginning of a period. During the period, merchandise costing $514

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A company using the periodic inventory system has inventory costing $187 on hand at the beginning of a period. During the period, merchandise costing $514 is purchased. At year-end, Inventory costing $374 is on hand. The cost of goods sold for the year is Oa. 5374 Ot. $$14 Oc5327 Od. $17

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