For the current fiscal year, Purchases were $187,000, Purchase Returns and Allowances were
$4,200 and Freight In was $10,500. If the beginning merchandise inventory was $98,000 and the ending merchandise inventory was $103,000, the Cost of Goods Sold is:
A)$ 167,300
B)$196,700
C)$193,300
D)$188,300

Question

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The Answer of For the current fiscal year, Purchases were $187,000, Purchase Returns and Allowances were
$4,200 and Freight In was $10,500. If the beginning merchandise inventory was $98,000 and the ending merchandise inventory was $103,000, the Cost of Goods Sold is:
A)$ 167,300
B)$196,700
C)$193,300
D)$188,300

For the Current Fiscal Year, Purchases Were $187,000, Purchase Returns