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At February 1, 2020, the balance in ABC Corporation's inventory account was $6,400. During February, the company purchased inventory of $3,400 and recorded Cost of

At February 1, 2020, the balance in ABC Corporation's inventory account was $6,400. During February, the company purchased inventory of $3,400 and recorded Cost of goods sold of $7,300. At the end of February, the balance in the Inventory account should be:

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