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Calculate the cost of goods sold

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Question - Splish Brothers Limited has the following information in its accounting records as at December 31, 2021:

Purchases $130300

Freight in 4800

Purchase returns and allowances 12400

Beginning inventory 57500

A physical inventory count revealed that there was $67800 in ending inventory. Calculate the cost of goods sold?

a. $112400.

b. $130300.

c. $117900.

d. $135100.

Reference no: EM132572464

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