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At the end of last year, Games-2-Use had merchandise costing $240,000 in inventory. During January of the current year, the company purchased merchandise costing $138,000,
At the end of last year, Games-2-Use had merchandise costing $240,000 in inventory. During January of the current year, the company purchased merchandise costing $138,000, and sold merchandise that it had purchased at a total cost of $124,000. Games-2-Use uses a perpetual inventory system. The amount of goods transferred from the inventory account to the cost of goods sold account during January was?
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