Question: Help Save & Exit Submit 19 For the current fiscal year, Purchases were $250,000, Purchase Returns and Allowances were $8,000, Purchase Discounts were $2,000 and

Help Save & Exit Submit 19 For the current fiscal year, Purchases were $250,000, Purchase Returns and Allowances were $8,000, Purchase Discounts were $2,000 and Freight in was $30,000. If the beginning merchandise inventory was $60,500 and the ending merchandise inventory was $76,000, the cost of Goods Sold is: Shipped Multiple Choice $270,000 O $285,500 O $254 500 $244.500 ME

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