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What the cost of goods sold is

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Question 1: For the current fiscal year, Purchases were $345,000, Purchase Returns and Allowances were $9,900, Purchase Discounts were $3,900 and Freight In was $49,000. If the beginning merchandise inventory was $70,000 and the ending merchandise inventory was $95,000, the Cost of Goods Sold is:

Reference no: EM132462442

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