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Smith company had the following information during the past year beginning of inventory of 40,000, purchases a 400,000 and ending inventory of $52,000 Smith companies

Smith company had the following information during the past year beginning of inventory of 40,000, purchases a 400,000 and ending inventory of $52,000 Smith companies cost of goods sold for the year is
a $372,000
b $388,000
c $412,000
d $440,000

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