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A company has beginning inventory for the year of $13,500. During the year, the company...

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Accounting

A company has beginning inventory for the year of $13,500. During the year, the company purchases inventory for $170,000 and ends the year with $21,000 of inventory. The company will report cost of goods sold equal to:

$177,500.

$191,000.

$162,500.

$170,000.

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