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Gabel IncIs a Merchandising Company

Question 66

Multiple Choice

Gabel Inc.is a merchandising company.Last month,the company's merchandise purchases totalled $63,000.The company's beginning merchandise inventory was $13,000,and its ending merchandise inventory was $15,000.What was the company's cost of goods sold for the month?


A) $91,000.
B) $63,000.
C) $65,000.
D) $61,000.

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