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For the current fiscal year, Purchases were $315,000, Purchase Returns and Allowances were $9,300, Purchase Discounts were $3,300 and Freight In was $43,000. If the

For the current fiscal year, Purchases were $315,000, Purchase Returns and Allowances were $9,300, Purchase Discounts were $3,300 and Freight In was $43,000. If the beginning merchandise inventory was $67,000 and the ending merchandise inventory was $89,000, the Cost of Goods Sold is:

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