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Hoover Company Had Beginning Inventory of $15,000 at March 1

Question 158

Multiple Choice

Hoover Company had beginning inventory of $15,000 at March 1, 2022.During the month, the company made purchases of $65,000.The inventory at the end of the month is $17,300.What is cost of goods sold for the month of March?


A) $62,700
B) $65,000
C) $80,000
D) $82,300

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