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A company that uses the periodic inventory provides the following information: 1. Beginning Inventory $10,000 2. Net Purchases $93,000 At the end of the period,
A company that uses the periodic inventory provides the following information: 1. Beginning Inventory $10,000 2. Net Purchases $93,000 At the end of the period, the physical count of inventory reveals that $15,000 of inventory is on hand. What is the amount of cost of goods sold? A. $93,000 OB. $118,000 O C. $88,000 D. $78,000
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