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Cost of merchandise soldbased on the subsequent data

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Reference no: EM13370653

Cost of Merchandise Sold

Based on the subsequent data, determine the cost of merchandise sold for March:
Merchandise inventory, March 1 $100,000
Purchases 800,000
Merchandise inventory, March 31 90,000
Purchases returns and allowances 15,000
Purchases discounts 12,000
Freight in 8,000

Reference no: EM13370653

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