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Using the following data from the inventory account, calculate the Cost of Goods Available for Sale during 20X8: Beginning Balance: $25,000 Purchases: $103,000 Freight-in $7,000

Using the following data from the inventory account, calculate the Cost of Goods Available for Sale during 20X8:

Beginning Balance: $25,000

Purchases: $103,000

Freight-in $7,000

Shipments to Customers $33,000

Purchase Returns $9,000

Purchase Discounts $11,000

Ending Balance XXXX

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