Hall Company has the following account balances for the current year.

Required:

Compute the missing amounts.

Beginning Merchandise Inventory

$

43,000

Purchases

304,000

Purchases Returns and Allowances

Purchase Discounts

1,470

Freight-In

1,400

Cost of Goods Purchased

301,760

Cost of Goods Available for Sale

Ending Merchandise Inventory

47,000

Cost of Goods Sold

Clear

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