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A company sells socks for people with diabetes. Beginning inventory is 4,500, ending inventory is 3,000, and purchases for the month are 15,000. The cost

A company sells socks for people with diabetes. Beginning inventory is 4,500, ending inventory is 3,000, and purchases for the month are 15,000. The cost of the product is $3, and the price is $5. Determine the cost of goods sold.

a. $75,000

b. $49,500

c. $45,000

d. $82,500

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