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Mountain Climbing Gear is a retail seller and it recorded the following data for the month of January: Cost of beginning inventory: $52,000 Cost of

Mountain Climbing Gear is a retail seller and it recorded the following data for the month of January:

  • Cost of beginning inventory: $52,000
  • Cost of ending inventory: $40,000
  • Cost of goods sold: $150,000

Inventory purchases for the month of January total:

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