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The following information is available for Avalon Company for 2011: Decrease in merchandise inventory $20000 increase in accounts payable related to inventory $50000 disbursements for

The following information is available for Avalon Company for 2011: Decrease in merchandise inventory $20000 increase in accounts payable related to inventory $50000 disbursements for purchases of merchandise $580000 What amount should Avalon report as cost of goods sold for 2011

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