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For the current fiscal year, Purchases were $320,000. Purchase Returns and Allowances were $9.400. Purchase Discounts were $3,400 and Freight In was $44.000. If the
For the current fiscal year, Purchases were $320,000. Purchase Returns and Allowances were $9.400. Purchase Discounts were $3,400 and Freight In was $44.000. If the beginning merchandise inventory was $67500 and the ending merchandise inventory was $90,000, the Cost of Goods Sold is: Multiple Choice $373,700 $354.300 $351,200
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