21. Hogan Industries began 2019 with $20,000 in inventory. In 2019, its inventory purchases amounted...

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21. Hogan Industries began 2019 with $20,000 in inventory. In 2019, its inventory purchases amounted to $40,000. They ended the year with $35,000 in inventory. What was their cost of goods sold for the year? $15,000 $20,000 $25,000 $30,000

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