Question: You have been given the following data concerning Big Sky, Inc. merchandising company for last month. Merchandise purchases $118,000 Beginning merchandise inventory $30,000 Ending merchandise

You have been given the following data concerning Big Sky, Inc. merchandising company for last month.

Merchandise purchases $118,000

Beginning merchandise inventory $30,000

Ending merchandise inventory $28,000

Big Sky has asked you to calculate its cost of goods sold for last month.

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