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Question: cost of merchandise sold based on the following data determine...

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Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for Novemt Increase in estimated returns inventory Merchandise inventory, November 1 Merchandise inventory, November 30 Purchases Purchases returns and allowances Purchases discounts Freight in $14,500 28,000 31,500 475,000 15,000 9,000 7,000

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