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The company expects to replace the units of beginning inventory sold in April at a cost of $95 per unit and expects inventory at year-end

The company expects to replace the units of beginning inventory sold in April at a cost of $95 per unit and expects inventory at year-end to be between 1,500 and 2,000 units. What amount of cost of goods sold is to be recorded for the quarter ended March 31?

$653,300.
$616,500.
$665,000.

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