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Concert Company had beginning inventory for the year of $15,000. During the year, the company purchased inventory for $160,000 and ended the year with $14,000

Concert Company had beginning inventory for the year of $15,000. During the year, the company purchased inventory for $160,000 and ended the year with $14,000 of inventory. How much should the company report for Cost of Goods Sold for the year? Multiple Choice $189,000 $14,000 $175,000 $161,000

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