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Glen Company uses the perpetual inventory system. The company entered into the following events: 1 ) Purchased merchandise inventory that cost $ 1 0 ,

Glen Company uses the perpetual inventory system. The company entered into the following events:
1) Purchased merchandise inventory that cost $10,000 under terms of 2/10, n/30.
2) Made payment to the supplier within the discount period.
3) Sold all of the goods to customers on account for $22,000.
What is Glens cost of goods sold as a result of these three transactions?
Multiple Choice
$9,000
$9,800
$10,000
$21,800

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