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Destiny Company reports beginning inventory of $253,000, purchases of $556,000, and ending inventory of $195,000. What is the cost of goods sold? A. $809,000 B.

Destiny Company reports beginning inventory of $253,000, purchases of $556,000, and ending inventory of $195,000. What is the cost of goods sold?

A.

$809,000

B.

$1,345,000

C.

$614,000

D.

$1,062,000

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