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Ryan Company received refundable deposits on returnable containers in the amount of $120,000 during 2024. Twelve percent of the containers were not returned. The cost

Ryan Company received refundable deposits on returnable containers in the amount of $120,000 during 2024. Twelve percent of the containers were not returned. The cost of the containers was $100,000. What is cost of goods sold relative to this forfeiture?

image text in transcribed
sto.000. 50 $2.000

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