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Based on the following data determine the cost of

Based on the following data, determine the cost of merchandise sold for June:

Merchandise inventory, June 1 $ 35,500

Merchandise inventory, June 30 40,500

Purchases 384,000

Purchases returns and allowances 11,000

Purchases discounts 3,000

Freight in 6,000

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Accounting Basics: Based on the following data determine the cost of

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