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Lebaron Co.'s beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year
Lebaron Co.'s beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year must equal:
$18,000.
$12,000.
$6,000.
$9,000.
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