Tulsa Company, (a merchandising co.) has the following data pertaining to the year ended December...
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Accounting
Tulsa Company, (a merchandising co.) has the following data pertaining to the year ended December 31, 2019: (CPA adapted)
Purchases $450,000
Beginning inventory 170,000
Ending inventory 210,000
Freight-in 50,000
Freight-out 75,000
What is the cost of goods sold for the year?
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