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Lambda Company, a merchandising company, has a beginning inventory balance of $100,000, projects multiple purchases totaling $650,000 during the year, and wants to end the
Lambda Company, a merchandising company, has a beginning inventory balance of $100,000, projects multiple purchases totaling $650,000 during the year, and wants to end the year with an inventory balance of $120,000. How much should it project as its cost of goods sold? $650,000 $630,000 $120,000
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