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Calculate the cost of goods sold for TrailTrek Outdoor Gear Co. using the following information for the year ended December 31, 2023: Beginning Inventory of

Calculate the cost of goods sold for TrailTrek Outdoor Gear Co. using the following information for the year ended December 31, 2023:

Beginning Inventory of Outdoor Gear: $50,000
Purchases of Camping Equipment: $150,000
Ending Inventory of Hiking Gear: $30,000

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