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y! ? Using the following data taken for a business with periodic inventory system. 2. $ 96,460 Merchandise Inventory August 1 Merchandise Inventory August 31

y! ? Using the following data taken for a business with periodic inventory system. 2. $ 96,460 Merchandise Inventory August 1 Merchandise Inventory August 31 100,600 3. Purchases 286,800 4. Purchases Returns and Allowances 9,580 Purchases Discounts 6,720 5. Freight in 5,820 6. Determine the cost of merchandise sold for August. 7. 8. 9. 10. 11. 12. 13. 14. 15. Previous Progress: 8/15 items Time Remaining: 2:39:23 Email Instructor Submit Test for Grading

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