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1. Beginning Inventory $10,000 2. Ending Inventory $5,000 3. Net Purchases $55,000 Required: Calculate the Cost of Goods Sold: A) $60,000 B) $55,000 O $36,000

1. Beginning Inventory $10,000 2. Ending Inventory $5,000 3. Net Purchases $55,000 Required: Calculate the Cost of Goods Sold: A) $60,000 B) $55,000 O $36,000 D $15,000

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