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Clark's Chemical Company received refundable deposits on returnable containers in the amount of $106,000 during 2018. Fifteen percent of the containers were not returned. The

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Clark's Chemical Company received refundable deposits on returnable containers in the amount of $106,000 during 2018. 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? Multiple Choice $63,600. $12,720. $0. $3,180

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