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What company cost of goods sold for month for gabel inc

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Reference no: EM132824156

Problem 1: Gabel Inc. is a merchandising company. Last month, the company's merchandise purchases totaled $63,000. The company's beginning merchandise inventory was $43,000, and its ending merchandise inventory was $15,000. What was the company's cost of goods sold for the month?

a. $61,000.
b. $65,000.
c. $63,000.
d. $91,000.

Reference no: EM132824156

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