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Hermani Company uses the periodic inventory system. Hermani started the period with $40,000 in inventory. The Company purchased an additional $50,000 of merchandise and returned

Hermani Company uses the periodic inventory system. Hermani started the period with $40,000 in inventory. The Company purchased an additional $50,000 of merchandise and returned $6,000 for a full credit. If Hermanis cost of goods sold during the period was $70,000, what must have been the total of the physical inventory count?

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