Question: Based on the following data, determine the cost of merchandise sold for March. Merchandise inventory, March 1 $ 100,000 Merchandise inventory March 31 90,000 Purchases

Based on the following data, determine the cost of merchandise sold for March.
Merchandise inventory, March 1 $ 100,000
Merchandise inventory March 31 90,000
Purchases 800,000
Purchases returns and allowances 15,000
Purchases discounts 12,000
Freight in 8,000

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