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The Hamlet Company uses the periodic inventory system. Information for the current year is as follows: Sales $ 2,650,000 Beginning inventory 680,000 Purchases 1,200,000 Purchase

The Hamlet Company uses the periodic inventory system. Information for the current year is as follows:

Sales $ 2,650,000
Beginning inventory 680,000
Purchases 1,200,000
Purchase returns 12,000
Ending inventory 740,000

Hamlet's cost of goods sold for the current year is:

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