Based on the Following Data, Determine the Cost of Merchandise

question 17

Essay

Based on the following data, determine the cost of merchandise sold for October.
$\begin{array}{ll}98,560 & \text { Merchandise Inventory, October 1 } \\102,330 & \text { Merchandise Inventory, October 31 } \\433,880 & \text { Purchases } \\12,760 & \text { Purchases Returns \& Allowances } \\9,900 & \text { Purchases Discounts } \\7,620 & \text { Transportation In }\end{array}$

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