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QUESTION 7 The trial balance listed beginning merchandise inventory at $20,000, and net cost of...

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QUESTION 7 The trial balance listed beginning merchandise inventory at $20,000, and net cost of purchases was calculated to be $80,000. If a physical count resulted in a $15,000 ending inventory, what was the amount for cost of goods sold? A $85,000 B $95,000 C $105,000 D $100,000

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