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At the beginning of the quarter Precious Pets has $50,000 in inventory. During the quarter the company purchases $7,900 of new inventory. At the end

At the beginning of the quarter Precious Pets has $50,000 in inventory. During the quarter the company purchases $7,900 of new inventory. At the end of the quarter the balance in the Inventory account is $26,500. What is the cost of goods sold

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