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7) To determine the cost of goods sold, to report on the income statement, multiply the number of units of inventory: A) purchased times the

image text in transcribed 7) To determine the cost of goods sold, to report on the income statement, multiply the number of units of inventory: A) purchased times the retail price per B) sold times the retail price per unit. unit. C) purchased times the cost per unit. D) sold times the cost per unit

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