If beginning inventory is $60,000, cost of goods purchased is $380,000, and ending inventory is $50,000, what
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If beginning inventory is $60,000, cost of goods purchased is $380,000, and ending inventory is $50,000, what is cost of goods sold under a periodic system?
(a) $390,000.
(c) $330,000.
(b) $370,000.
(d) $420,000.
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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