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Clark's Chemical Company received customer deposits on returnable containers in the amount of $102,000 during 2013. Fifteen percent of the containers were not returned. The
Clark's Chemical Company received customer deposits on returnable containers in the amount of $102,000 during 2013. Fifteen percent of the containers were not returned. The deposits are based on the container cost marked up 25%. What is cost of goods sold relative to this forfeiture? (Round your final answer to the nearest whole dollar amount.)
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