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If Ending Merchandise Inventory Is $22,000, Purchases Are $85,000, Purchases

Question 48

Multiple Choice

If Ending Merchandise Inventory is $22,000, Purchases are $85,000, Purchases Discounts are $1,800, Freight In is $3,500, and Beginning Merchandise Inventory is $28,000, then Cost of Goods Sold is


A) $80,700.
B) $90,300.
C) $79,700.
D) $92,700.
E) $107,000.

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