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Clark's Chemical Company received refundable deposits on returnable containers in the amount of $102,000 during 2018. Nine percent of the containers were not returned. The
Clark's Chemical Company received refundable deposits on returnable containers in the amount of $102,000 during 2018. Nine percent of the containers were not returned. The deposits are based on the container cost marked up 35%. What is cost of goods sold relative to this forfeiture?
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$0.
$26,229.
$6,800.
$2,380.
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