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#4 During AdCo's first year of operations, it purchases $125,000 of inventory on account for a total of $125,000. If AdCo's ending inventory is $25,000

During AdCo's first year of operations, it purchases $125,000 of inventory on account for a total of $125,000. If AdCo's ending inventory is $25,000 and sales are $150,000, what is the cost of goods sold?

a.$25,000

b.$50,000

c.$75,000

d.$100,000

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