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Consider the following inventory data: Beginning inventory $325,000 Ending inventory $75,000 ...

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Accounting

Consider the following inventory data:
Beginning inventory $325,000
Ending inventory $75,000
Purchases $290,000
Purchase Returns $20,000
Purchase Discounts $6,000
What is the amount of cost of goods sold?
$540,000.
$514,000.
$520,000.
$310,000.
$340,000
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