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Determine the cost of goods sold

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Question - For the current fiscal year, Purchases were $210,000, Purchases Returns and Allowances were $3,600 and Freight In was $15,000. If the beginning merchandise inventory was $140,000 and the ending merchandise inventory was $81,000, determine the Cost of Goods Sold?

a. $280,400

b. $287,600

c. $250,400

d. $132,400

Reference no: EM133084756

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