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27. A companys ending inventory balance was $200,000, their cost of goods available for sale were $700,000, and their purchases during the year was $400,000.
27. A companys ending inventory balance was $200,000, their cost of goods available for sale were $700,000, and their purchases during the year was $400,000. show work.
a) What was the cost of goods sold? _______________________________
b) What was the beginning inventory balance? _______________________
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