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Business, 12.03.2020 18:28 CoolRahim9090

Upper S Wholesale Company began the year with merchandise inventory of $ 13 comma 000. During the year, Upper S purchased $ 95 comma 000 of goods and returned $ 6 comma 200 due to damage. Upper S also paid freight charges of $ 1 comma 200 on inventory purchases. At year-end, Upper S's ending merchandise inventory balance stood at $ 16 comma 900. Assume that Upper S uses the periodic inventory system. Compute Upper S's cost of goods sold for the year.

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Upper S Wholesale Company began the year with merchandise inventory of $ 13 comma 000. During the ye...
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