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At the beginning of the year, Bryers Incorporated reports Inventory of $8,000. During the year, the company purchases additional inventory for $23,000. At the end

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At the beginning of the year, Bryers Incorporated reports Inventory of $8,000. During the year, the company purchases additional inventory for $23,000. At the end of the year, the cost of inventory remaining is $10,000. Calculate cost of goods sold for the year. For each company, calculate the missing amount. Company Cost of Goods Sold Net Income Sales Revenue $ 18,000 20,000 Gross Profit $ 8,000 Operating Expenses $ 3,500 6,000 $ Lennon Harrison McCartney Starr 11,000 9,000 6,000 4,500 3,000 1,500 4,000 10,000 16,000 6,500

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