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

Question 188

Multiple Choice

Hoover Company had beginning inventory of $15,000 at March 1, 2014. During the month, the company made purchases of $55,000. The inventory at the end of the month is $17,300. What is cost of goods sold for the month of March?


A) $52,700
B) $55,000
C) $70,000
D) $72,300

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