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Jeff sells books. The following information summarizes the company's operating expenses for the year: Purchases $105,500 Operating expenses $53,400 Beginning merchandise inventory $14,300 Ending merchandise

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Jeff sells books. The following information summarizes the company's operating expenses for the year: Purchases $105,500 Operating expenses $53,400 Beginning merchandise inventory $14,300 Ending merchandise inventory $11,600 Sale revenue $170,800 Please answer the following correctly (What is cost of goods available for sale?) 1. $102,800 2. $119,800 3. $117,100 4. $65,300

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