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Assume the following cost of goods sold data for a company: 2022 2021 2020 $1484000 1220000 1060000 If 2020 is the base year, what is

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Assume the following cost of goods sold data for a company: 2022 2021 2020 $1484000 1220000 1060000 If 2020 is the base year, what is the percentage increase in cost of goods sold from 2020 to 2022? 40% 15% O 12% O 140%

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