Question: The following data were taken from the general ledger of

The following data were taken from the general ledger of Owens Booksellers on January 31, the end of the first month of operations in the current fiscal year:
Merchandise inventory, January 1........................................ $ 22,000
Purchases.............................................................................. 183,000
Merchandise inventory, January 31...................................... 17,000
Compute the cost of goods sold for the month of January.

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  • CreatedMarch 31, 2015
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