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Belmont & Company has beginning inventory of $110,000, purchases of $530,000 and ending inventory is $71,000. What is the companys cost of goods sold? Select

Belmont & Company has beginning inventory of $110,000, purchases of $530,000 and ending inventory is $71,000. What is the companys cost of goods sold? Select one: A. $569,000 B. $490,000 C. $350,000 D. $690,000

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