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Porches,Inc.sells lawn furniture.Selected financial information for the most recent year follows.
Beginning merchandise inventory on January 1 was $33,000.
Ending merchandise inventory on December 31 was $35,000.
Purchases during the year were $92,000.
Selling and administrative expenses were $75,000.
Sales for year were $262,000.
What was cost of goods sold?
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A process in which a feature acquires a function that was not acquired through natural selection for its current use.
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