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Gabruk Inc. is a merchandising company. Last month the company's merchandise purchases totaled $88,000. The company's beginning merchandise inventory was $15,000 and its ending merchandise inventory was $13,000. What was the company's cost of goods sold for the month?

a) $88,000

b) $90,000

c) $86,000

d) $116,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M945975

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