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If opening inventory is $1,600, purchase of inventory in the period totaled $4,800, credit sales in the period totaled $4,400, ending inventory is $3,400, what
If opening inventory is $1,600, purchase of inventory in the period totaled $4,800, credit sales in the period totaled $4,400, ending inventory is $3,400, what is the COGS for the period?
A. $1,000 B. $3,000 C. $7,400 D. None of the above
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