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Ivanhoe Toys Company has a balance in inventory of $628400 at the beginning of the month. During the month Ivanhoe purchases additional inventory of
Ivanhoe Toys Company has a balance in inventory of $628400 at the beginning of the month. During the month Ivanhoe purchases additional inventory of $7654800. Ivanhoe has sales during the month of $9868400 with related cost of goods sold on these sales of $7387400. Ivanhoe uses the periodic inventory system. What is Ivanhoe's cost of goods available for sale? O $895800. $267400. O $8283200. O $8015800.
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