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If Beginning Inventory Is $5,000,ending Inventory Is $3,000,net Purchases Is

Question 91

Multiple Choice

If beginning inventory is $5,000,ending inventory is $3,000,net purchases is $12,000 and Freight-in is $400,what is the Cost of Goods Sold?

A) $17,400
B) $17,000
C) $14,400
D) $14,000

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