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

Clark's Chemical Company received refundable deposits on returnable containers in the amount of $106,000 during 2018. Thirteen percent of the containers were not returned. The deposits are based on the container cost marked up 20%. What is cost of goods sold relative to this forfeiture?

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$11,483.
$0.
$2,297.
$68,900.

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