Assume the following cost of goods sold data for a company: ...
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Accounting
Assume the following cost of goods sold data for a company:
| 2023 | $1375480 |
| 2022 | 1220000 |
| 2021 | 1004000 |
If 2021 is the base year, what is the percentage increase in cost of goods sold from 2021 to 2023?
A. 22%
B. 137%
C. 37%
D. 13%
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