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Clarks Chemical Company received customer deposits on returnable containers in the amount of $100,000 during 2011. Twelve percent of the containers werent returned. The deposits

Clarks Chemical Company received customer deposits on returnable containers in the amount of $100,000 during 2011. Twelve percent of the containers werent returned. The deposits are based on the container cost marked up 20%. What is cost of goods sold relative to this forfeiture? A. $2,000 B. $14,400 C. $0 D. $10,000

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