Based upon the following data for a business with a periodic inventory system,determine the cost of merchandise sold for August.
Definitions:
Dividend Payout Ratio
A financial ratio that measures the percentage of a company's net income that is distributed to shareholders in the form of dividends.
Capital Intensity Ratio
A measure of how much capital is required to produce one unit of output, often used to evaluate the business's capital efficiency.
Auto Manufacturing
The industry involved in the design, development, production, marketing, and sale of motor vehicles.
Software Development
The process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components.
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