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Trans Co, used a periodic inventory system. The following are inventory transaction for the month of January. Trams uses the average pricing method to determine

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Trans Co, used a periodic inventory system. The following are inventory transaction for the month of January. Trams uses the average pricing method to determine the value of its inventory. What amount should Trans report as cost of goods sold on its income statement for the month of January? $30,000 $37, 500 $40,000 $100,000

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