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A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,947; Freight In, $474; Purchases,

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A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,947; Freight In, $474; Purchases, $16,742; Purchases Returns and Allowances, $2,169; Purchases Discounts, $214. The cost of merchandise purchased is equal to Oa. $14,833 Ob. $23,546 Oc. $16,742 Od. $17,216

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