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Consider the following information: ending inventory, $ 2 4 , 0 0 0 ; sales, $ 2 5 0 , 0 0 0 ; beginning

Consider the following information: ending inventory, $24,000; sales, $250,000; beginning inventory, $20,000; selling and administrative expenses, $70,000; purchases, $90,000. What is the cost of goods sold?
$84,000
$86,000
$90,000
$16,000
$94,000
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