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8. Calculate cost of merchandise sold based on the following information: Sales 5 850 000 Decrease in estimated returns inventory 9 940 Merchandise inventory, 1

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8. Calculate cost of merchandise sold based on the following information: Sales 5 850 000 Decrease in estimated returns inventory 9 940 Merchandise inventory, 1 Jan 2020 430 000 Returns from customers 450 000 Merchandise inventory, 31 December 2020 590 000 Discounts given to customers 270 000 Purchases 4 478 000 Returns to suppliers 135 000 Purchases discounts 93 000 Freight in 21 500 A $4,121,440 B $3,401,440 C$4,101,560 D $4,058,560

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