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Maggie's Antiques and Collectibles Opened with $14 000 Beginning Inventory

Question 82

Multiple Choice

Maggie's Antiques and Collectibles opened with $14 000 beginning inventory. Maggie purchased an additional $5500 in antiques and sold all but $7500. What is Maggie's cost of goods sold?


A) $27 000
B) $12 000
C) $19 500
D) $13 000
E) None of these

Correct Answer:

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