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Suppose that a firm's cost of goods sold for the year is $2.1 million, and beginning and ending inventories for the year are $224,000 and

Suppose that a firm's cost of goods sold for the year is $2.1 million, and beginning and ending inventories for the year are $224,000 and $96,000, respectively. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below

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