Question: TB MC Qu . 1 3 - 5 7 ( Algo ) Clark's Chemical Company received... Clark's Chemical Company received refundable deposits on returnable containers

TB MC Qu.13-57(Algo) Clark's Chemical Company received...
Clark's Chemical Company received refundable deposits on returnable containers in the amount of $101,000 during 2024. Fourteen percent of the containers were not returned. The deposits are based on the container cost marked up 25%. What is cost of goods sold relative to this forfeiture?

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