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For each of the following items, signify the effect the item will ultimately have on the TOTAL COST of merchandise inventory on the books of

For each of the following items, signify the effect the item will ultimately have on the TOTAL COST of merchandise inventory on the books of the business recording the item. Purchase returns [Choose] Purchase allowances [ Choose ] A Purchase discounts [ Choose ] Incoming freight costs [ Choose ] Sales returns [Choose ] Sales allowances [Choose ] - Sales discounts [ Choose ] Outgoing freight costs [ Choose ] 4

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