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Clark's Chemical Company received refundable deposits on returnable containers in the amount of $101,000 during 2021. Eleven percent of the containers were not returned. The

Clark's Chemical Company received refundable deposits on returnable containers in the amount of $101,000 during 2021. Eleven percent of the containers were not returned. The deposits are based on the container cost marked up 30%. What is cost of goods sold relative to this forfeiture?

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