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Use the following data to calculate the cost of merchandise sold: Sales: $ 5 0 , 0 0 0 Beginning inventory: $ 6 , 0

Use the following data to calculate the cost of merchandise sold: Sales: $

50, 000

Beginning inventory: $

6, 000

Purchases: $

20, 000

Purchase discounts: $

1, 000

Ending inventory: $

4, 000

.

29, 000

.

50, 000

.

26, 000

.

21, 000

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