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If beginning inventory was $25,000, purchases during the period totalled $50,000, freight-in was $1,000 and ending inventory was $19,000, calculate the cost of sales? A.
If beginning inventory was $25,000, purchases during the period totalled $50,000, freight-in was $1,000 and ending inventory was $19,000, calculate the cost of sales?
A. | $56,000 | |
B. | $55,000 | |
C. | $50,000 | |
D. | $57,000 |
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