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show math done please! thank you! Consider the following inventory data for two companies: If both companies use a periodic inventory system, what is the

image text in transcribed show math done please! thank you!

Consider the following inventory data for two companies: If both companies use a periodic inventory system, what is the Cost of Goods Sold for Nichols, Inc.? $ 200,000 $ 280,000 Cannot determine with the information given. $ 360,000

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