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A Retail Company Has Goods Available for Sale of $500,000

Question 101

Multiple Choice

A retail company has goods available for sale of $500,000 at retail and $200,000 at cost and ending inventory of $49,000 at retail.What is the estimated cost of goods sold?


A) $151,000
B) $190,200
C) $180,400
D) $170,600

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