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McKendrick Shoe Store has a beginning inventory of $45,000. During the period, purchases were $195,000;...

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Accounting

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McKendrick Shoe Store has a beginning inventory of $45,000. During the period, purchases were $195,000; purchase returns, $6,000; and freight-in $15,000. A physical count of inventory at the end of the period revealed that $30,000 was still on hand. The cost of goods available for sale was $219,000. $249,000. $204,000. $189,000

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