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At the beginning of the year, Bennett Supply has inventory of $3,500.During the year, the company purchases an additional $12,000 of inventory.An inventory count at

At the beginning of the year, Bennett Supply has inventory of $3,500.During the year, the company purchases an additional $12,000 of inventory.An inventory count at the end of the year reveals remaining inventory of $4,000.What amount will Bennett report for cost of merchandise sold?

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