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Cloverdale, Inc

Question 5

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.

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