Question: Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: $39,200 Merchandise inventory, July 1 Merchandise inventory, July

Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: $39,200 Merchandise inventory, July 1 Merchandise inventory, July 31 75,300 Purchases 784,000 Purchases returns and allowances 26,700 Purchases discounts 15,700 Freight in 11,000

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