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Cost of goods sold is $77,400. Beginning inventory is $13,500 and ending inventory is $14,000. If there is no freight in and total purchases were

Cost of goods sold is $77,400. Beginning inventory is $13,500 and ending inventory is $14,000. If there is no freight in and total purchases were $88,250, what were purchase returns and allowances?

a. $38,350

b. $10,350

c. $11,350

d. none of the above

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