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During AdCos first year of operations, it purchases $125,000 of inventory on account for a total of $105,000. If AdCos ending inventory is $25,000 and

During AdCos first year of operations, it purchases $125,000 of inventory on account for a total of $105,000. If AdCos ending inventory is $25,000 and sales are $150,000, what is the cost of goods sold?

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