On January 1, 2003, Bowden Auto Repair had $3,560 worth of auto parts on hand. During the

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On January 1, 2003, Bowden Auto Repair had $3,560 worth of auto parts on hand. During the year, Bowden purchased auto parts costing $286,000. At the end of 2003, the company had parts on hand amounting to $4,260.

Required: What was the cost of the auto parts used by Bowden Auto Repair during 2003?

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