5.1 Merchandising Operations The local greenhouse reported the following selected information for the current period:...
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5.1 Merchandising Operations The local greenhouse reported the following selected information for the current period: Beginning inventory: 1,000 units, $4,550 Purchases in the period: 25,000 units, $106,250 Purchases returned: 900 units, $3,915 Ending inventory: 975 units, $4,050 Given this information, what amount will the greenhouse report as cost of goods sold for the period? $102.835
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