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From the following details of a merchandiser, calculate the Cost of Goods Sold. (Assume the merchandiser uses the periodic inventory system.) Net Sales Purchases Purchase
From the following details of a merchandiser, calculate the Cost of Goods Sold. (Assume the merchandiser uses the periodic inventory system.)
Net Sales Purchases Purchase Returns and Allowances Purchase Discounts FreightIn Beginning Merchandise Inventory Ending Merchandise Inventorv $210,000 93,000 1,800 1,300 1,750 61,000 37,000
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