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Sandhill Boots had the following variances at year-end: What is the effect of closing these variances on the Cost of Goods Sold account at year-end?

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Sandhill Boots had the following variances at year-end: What is the effect of closing these variances on the Cost of Goods Sold account at year-end? Increase by $743 Decrease by $13 Increase by $13 Decrease by $743

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