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Cloverdale,Inc

Question 97

Multiple Choice

Cloverdale,Inc. ,uses the conventional retail inventory method to account for inventory.The following information relates to current year's operations: Cloverdale,Inc. ,uses the conventional retail inventory method to account for inventory.The following information relates to current year's operations: What amount should be reported as cost of goods sold for the year? A) $273,600. B) $272,861. C) $275,000. D) None of these answer choices are correct.
What amount should be reported as cost of goods sold for the year?


A) $273,600.
B) $272,861.
C) $275,000.
D) None of these answer choices are correct.

Correct Answer:

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