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The Jackson Co. began the year with $100,000 in inventory. During the year the company purchased $510,000 worth of inventory. At the end of the

The Jackson Co. began the year with $100,000 in inventory. During the year the company purchased $510,000 worth of inventory. At the end of the year, $80,000 of inventory remained. Cost of goods sold is

Question 1 options:

a)

$610,000.

b)

$690,000.

c)

$430,000.

d)

$530,000.

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