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On August 1, Express Fashion Store counted its inventory to be $35,000. During August, the...

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Accounting

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On August 1, Express Fashion Store counted its inventory to be $35,000. During August, the store purchased inventory for $100,000. By August 31, the physical count of inventory in the store showed the remaining inventory of $20,000. What should be Express's cost of goods sold in August? (Hint: inventory flow equation). $15,000 $100,000 $115,000 $135,000

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