The 20X5 records of Western Company showed beginning inventory, $100,000; purchases $550,000; and ending inventory, $200,000. The
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The 20X5 records of Western Company showed beginning inventory, $100,000; purchases $550,000; and ending inventory, $200,000. The amount of cost of goods sold to be reported in the Income Statement of 20X5 is:
$450,000
$350,000
$550,000
$250,000
$150,000
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