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Chazen Company's inventory balance at the beginning of the year was $7,800. During the year, the company had Purchases of $48,000 and Purchases Returns and

Chazen Company's inventory balance at the beginning of the year was $7,800. During the year, the company had Purchases of $48,000 and Purchases Returns and Allowances of $3,800. The company's inventory balance at the end of the year is $5,800. Compute cost of goods sold for the year assuming Chazen uses the periodic inventory system.
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Chazen Company's inventory balance at the beginning of the year was $7,800. During the year, the company had Purchases of $48,000 and Purchases Returns and Allowances of $3,800. The company's inventory balance at the end of the year is $5,800. Compute cost of goods sold for the year assuming Chazen uses the periodic inventory system. Chazen Company's inventory balance at the beginning of the year was $7,800. During the year, the company had Purchases of $48,000 and Purchases Returns and Allowances of $3,800. The company's inventory balance at the end of the year is $5,800. Compute cost of goods sold for the year assuming Chazen uses the periodic inventory system

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