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Martock Company uses the periodic inventory system. The following information is available for the period ending December 31:(1) Sales: Dollar 30,000 (2) Beginning inventory: Dollar

Martock Company uses the periodic inventory system. The following information is available for the period ending December 31:(1) Sales: Dollar 30,000 (2) Beginning inventory: Dollar 17,500 (3) Ending inventory: Dollar 8,000 (4) Purchases: Dollar 10,000The cost of goods sold for the period is

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