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Illeo, Inc. had an inventory balance of $12,000 on January 1 and $16,000 on December 31. The cost of goods sold during the period

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Illeo, Inc. had an inventory balance of $12,000 on January 1 and $16,000 on December 31. The cost of goods sold during the period was $61,000. What is the purchase amount? OA. $45.000 OB. $66.000 OC. $33.000 OD. $65,000

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