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Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for March:

Cost of Merchandise Sold
Based on the following data, determine the cost of merchandise sold for March:
Merchandise inventory, March 1 $100,000
Merchandise inventory, March 31 90,000
Purchases 800,000
Purchases returns and allowances 15,000
Purchases discounts 12,000
Freight in 8,000

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