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Gabat Inc. is a merchandising company. Last month the company's merchandise purchases totaled $122,000. The company's beginning merchandise inventory was $32,000 and its ending merchandise

Gabat Inc. is a merchandising company. Last month the company's merchandise purchases totaled $122,000. The company's beginning merchandise inventory was $32,000 and its ending merchandise inventory was $30,000. What was the company's cost of goods sold for the month?

$122,000

$124,000

$120,000

$184,000

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