At the beginning of September, 2015, Kani Company reported Merchandise Inventory of $4,000. During the month, the company made purchases of $7,800. At September 31, 2015, a physical count of inventory reported $3,200 on hand. Cost of goods sold for the month is
a. $600.
b. $7,800.
c. $8,600.
d. $11,800
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