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Beginning inventory = $32,483 Purchases = $218,041 Sales = $305,017 Markup on Cost (Profit as a percentage of cost) = 55% Provide an estimate for

Beginning inventory = $32,483 Purchases = $218,041 Sales = $305,017 Markup on Cost (Profit as a percentage of cost) = 55% Provide an estimate for cost of goods sold.

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