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Billit Corporation Billit Corporation is a merchandising company. Selected account balances are listed below: Purchases 225,000 Beginning Inventory 16,000 Ending Inventory 30,000 Using the Cost

Billit Corporation Billit Corporation is a merchandising company. Selected account balances are listed below:

Purchases 225,000

Beginning Inventory 16,000

Ending Inventory 30,000

Using the Cost of Goods Sold model, calculate the Cost of Goods Sold for Billit Corporation

a. $275,000 b. $259,000 c. $241,000 d. $211,000

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