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Beginning Inventory is $1,000, Inventory Purchases are $1,000, Ending Inventory is $500, and Goods used internally is $250. What is the Cost of Goods Sold?

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Beginning Inventory is $1,000, Inventory Purchases are $1,000, Ending Inventory is $500, and Goods used internally is $250. What is the Cost of Goods Sold? $250. $500. $750. $1,000. $1,250

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