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Acme Inc. is a retail company which had merchandise purchases of $88,000 in April (last...

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Acme Inc. is a retail company which had merchandise purchases of $88,000 in April (last month). The company's beginning merchandise inventory on April 1 was $15,000 and its ending merchandise inventory on April 30 was $13,000. What was the company's cost of goods sold for the month? Multiple Choice $88.000 O $90,000 O $86,000 O O $116,000

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