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Question(s) / Instruction(s):

The following information is available for Norton Company:

Sales            $260,000              Freight-in             $20,000

Ending Merchandise Inventory  24,000     Purchase Returns and Allowances            10,000

Purchases          180,000                  Beginning Merchandise Inventory           30,000

Norton\'s cost of goods sold is:

A.            $220,000

B.            $230,000

C.            $196,000

D.            $190,000

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