Question: If you can not answer this question correctly do not answer the question! Gabat Inc. is a merchandising company. Last month the company's merchandise purchases

If you can not answer this question correctly do not answer the question!

Gabat Inc. is a merchandising company. Last month the company's merchandise purchases totaled $67,000. The company's beginning merchandise inventory was $19,000 and its ending merchandise inventory was $22,000. What was the company's cost of goods sold for the month?

$108,000

$67,000

$64,000

$70,000

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