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calculate the cost of goods sold based on the following information -

Calculate the cost of goods sold based on the following information

Quetion: Calculate the cost of goods sold based on the following information.

Inventory at the beginning of 2016    $ 54,000

Purchases    450,000

Purchase returns    12,800

Inventory at the end of 2016    60,000

$431,200

$443,200

$491,200

$444,000

 

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