A merchant keeping inventory on cost price had a beginning inventory of $40,000, purchases of $120,000, and an ending inventory of $35,000. Compute the cost of goods sold.

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A merchant keeping inventory on cost price had a beginning inventory of $40,000, purchases of $120,000, and an ending inventory of $35,000. Compute the cost of goods sold.​

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The Answer of A merchant keeping inventory on cost price had a beginning inventory of $40,000, purchases of $120,000, and an ending inventory of $35,000. Compute the cost of goods sold.​

A Merchant Keeping Inventory on Cost Price Had a Beginning