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Question(s) / Instruction(s):

Gabruk Inc. is a merchandising company. Last month the company\'s merchandise purchases totaled $88,000. The company\'s beginning merchandise inventory was $15,000 and its ending merchandise inventory was $13,000. What was the company\'s cost of goods sold for the month?

a)            $116,000

b)            $86,000

c)            $88,000

d)            $90,000

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