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Calculate the cost of goods sold of frick company

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Question - Frick Company began the accounting period with $60,000 of merchandise, and net cost of purchases was $240,000. A physical inventory showed $72,000 of merchandise unsold at the end of the period. The cost of goods sold of Frick Company for the period is:

a. $300,000

b. $228,000

c. $252,000

d. $168,000

e. None of the above

Reference no: EM132031485

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