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Calculate the cost of goods sold for a merchandiser using the periodic inventory system from...

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Accounting

Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details. Purchases $510,000 Beginning Merchandise Inventory 180,000 Purchase Returns and Allowances 50,000 Purchase Discounts 14,000 Freight In 15,000 Ending Merchandise Inventory 180,000 Select one: A. $821,000 B. $476,000 C. $510,000 D. $461,000

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