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From the following information, compute cost of goods sold. Purchase returns $ 200 Inventory, December 31 1,500 Freight-in 100 Inventory, January 1 1,800 Purchases 5,000

From the following information, compute cost of goods sold.

Purchase returns $ 200

Inventory, December 31 1,500

Freight-in 100

Inventory, January 1 1,800

Purchases 5,000

a. $5,300

b. $5,200

c. $5,100

d. $5,000

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