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Gable Inc Is a Merchandising Company

Question 56

Multiple Choice

Gable Inc. is a merchandising company. Last month the company's merchandise purchases totaled £86,000. The company's beginning merchandise inventory was £15,000 and its ending merchandise inventory was £11,000. What was the company's cost of goods sold for the month


A) £86,000
B) £112,000
C) £82,000
D) £90,000

Correct Answer:

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