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Tucker Footballs buys footballs in bulk and then sells them. Tucker starts off the year with 120 footballs in inventory. Tuckers goal this year is
Tucker Footballs buys footballs in bulk and then sells them. Tucker starts off the year with 120 footballs in inventory. Tuckers goal this year is to sell all its inventory by June 30 before he moves his store to another location. By March 31, Tucker purchased 100 more footballs to add to his inventory and sold 130 footballs. Each football costs Tucker $20 and he sells each football for $50. If Tucker achieves his goal, what should the total Cost of Goods Sold be for the period April 1 to June 30?
| $1,800 |
| $4,500 |
| $11,700 |
| $2,000 |
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