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Robin Company uses a periodic inventory system. Use the following details to calculate the cost of goods sold. Beginning merchandise inventory $2,000 Ending merchandise inventory
Robin Company uses a periodic inventory system. Use the following details to calculate the cost of goods sold.
Beginning merchandise inventory $2,000
Ending merchandise inventory 2,300
Purchases 22,000
Purchase Discounts 700
Purchase Returns and Allowances 1,500
Freight In 4,200
A) $24,200
B) $19,800
C) $23,700
D) $26,000
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