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At the Beginning of September, 2011, GLF Company Reported Merchandise

Question 14

Multiple Choice

At the beginning of September, 2011, GLF Company reported Merchandise Inventory of $4,000.During the month, the company made purchases of $11,700.At September 30, 2011, a physical count of inventory reported $4,800 on hand.Cost of goods sold for the month is


A) $900.
B) $11,700.
C) $10,900.
D) $17,700.

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