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calculator Based upon the following data for a business with a periodic inventory system, determine the cost of merchandise sold for August Merchandise inventory, August

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calculator Based upon the following data for a business with a periodic inventory system, determine the cost of merchandise sold for August Merchandise inventory, August 1 $ 97,140 Merchandise inventory, August 31 101,230 Purchases 262,340 Purchases returns and allowances 14,770 Purchases discounts 5,620 Freight in 4,490

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