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Key Company uses the periodic inventory system. Kuyu started the period with $12,000 in inventory. The Company purchased an additional $25,000 of merchandise, and returned
Key Company uses the periodic inventory system. Kuyu started the period with $12,000 in inventory. The Company purchased an additional $25,000 of merchandise, and returned $1,500 for a full credit. A physical count of inventory at the end of the period revealed that there was an ending inventory balance of $6,000. What was Kuyus cost of goods sold during the period
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