Based upon the following data, determine the cost of merchandise sold for July: 1 answer below »
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Based upon the following data, determine the cost of merchandise sold for July:
Merchandise inventory, July 1
$ 88,370
Merchandise inventory, July 31
92,120
Purchases
681,400
Purchases returns and allowances
9,250
Purchases discounts
7,000
Transportation in
3,180
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