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A company's inventories and purchase information for January Year n is as follows Opening inventory on January 1 Year n $ 10,000 ; Purchases $

A company's inventories and purchase information for January Year n is as follows Opening inventory on January 1 Year n $ 10,000 ; Purchases $ 72,000 ; Closing inventory 31 January Year n $ 15,000 . What is the cost of inventory sold in January of Year n?

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