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    Business
  3. Study Set
    Fundamentals of Financial Accounting
  4. Exam
    Exam 6: Internal Control and Financial Reporting for Cash and Merchandising Operations
  5. Question
    Boron Company Has Sales of $60,000,beginning Inventory of $7,000,purchases of $35,000,and
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Boron Company Has Sales of $60,000,beginning Inventory of $7,000,purchases of $35,000,and

Question 85

Question 85

Multiple Choice

Boron Company has sales of $60,000,beginning inventory of $7,000,purchases of $35,000,and ending inventory of $5,000.The cost of goods sold is:


A) $42,000
B) $37,000
C) $23,000
D) $33,000

Correct Answer:

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