Based on the following data, determine the cost of merchandise sold for Oct.

Merchandise Inventory Oct 1: $98,560 Merc. Inventory, Oct 31 : 102,330 purchases: 433,880 purchases returns and allowances: 12,760 purchases discounts: 9900 transportation in: 7620

Based on the following data, determine the cost of merchandise sold for October Merchandise Inventory, October 31 $ 98,560 102,330 433,880 12,760 9,900 7,620 Merchandise Inventory, October 1 Purchases Purchases Returns & Allowances Purchases Discounts Transportation In ANSWER: Cost of merchandise sold