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Beginning Inventory Is Valued at $7,000, Purchases Are $15,000 and Ending

Question 7

Multiple Choice

Beginning inventory is valued at $7,000, purchases are $15,000 and ending inventory is valued at $8,000.Cost of goods sold is

A) $23,000.
B) $16,000.
C) $30,000.
D) $14,000.
E) $16,000

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