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Use this information to answer the following question. Use this information to answer the following question.   In addition,beginning merchandise inventory was $11,000 and ending merchandise inventory was $7,000. Cost of goods sold for the period was A) $31,000. B) $25,000. C) $38,000. D) $23,000. In addition,beginning merchandise inventory was $11,000 and ending merchandise inventory was $7,000.
Cost of goods sold for the period was


A) $31,000.
B) $25,000.
C) $38,000.
D) $23,000.

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