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Doug's Convenience Store had $18,000 of inventory at the beginning of November. During November, it purchased $20,000 of new merchandise. Sales revenue for November
Doug's Convenience Store had $18,000 of inventory at the beginning of November. During November, it purchased $20,000 of new merchandise. Sales revenue for November was $35,000. Inventory at the end of November was $6,000. Compute the cost of goods sold (COGS) for November.
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