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  3. for the current fiscal year, purchases were $300,0

For the current fiscal year, Purchases were $300,000, Purchase Returns and Allowances were $4,500 and...

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Accounting

For the current fiscal year, Purchases were $300,000, Purchase Returns and Allowances were $4,500 and Freight In was $24,000. If the beginning merchandise inventory was $185,000 and the ending merchandise inventory was $90,000, the Cost of Goods Sold is:

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