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At the beginning of the year, Albertson Incorporated reports inventory of $7,400. During the year, the company purchases additional inventory for $22,400. At the end

image text in transcribed At the beginning of the year, Albertson Incorporated reports inventory of $7,400. During the year, the company purchases additional inventory for $22,400. At the end of the year, the cost of inventory remaining is $9,400. Calculate cost of goods sold for the year

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