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Michael uses its periodic inventory system and the following information is available: Sales $ 43,400 Inventory-Beginning 11,200 Inventory-Ending 9,800 Purchases 32,200 7. Required information What

Michael uses its periodic inventory system and the following information is available: Sales $ 43,400 Inventory-Beginning 11,200 Inventory-Ending 9,800 Purchases 32,200 7. Required information What is the cost of goods sold? $43,400. $33,600. $32,200. $9,800

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