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3) Glen company has the following data pertaining to the year ended December 31. Purchases $450,000 Beginning inventory 170,000 Ending inventory 210,000 Freight-in 50,000 Freight-out

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3) Glen company has the following data pertaining to the year ended December 31. Purchases $450,000 Beginning inventory 170,000 Ending inventory 210,000 Freight-in 50,000 Freight-out 75,000 How much is the cost of goods sold for the year a) $385,000 b) $460,000 c) $485.000 d) 535,000

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