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Under the periodic system, COGS must be calculated at the end of the period. If beginning inventory is $200,000, purchases of $35,000 were made during

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Under the periodic system, COGS must be calculated at the end of the period. If beginning inventory is $200,000, purchases of $35,000 were made during the period, and $75,000 remains in ending inventory, then COGS is O a. $160,000 O b. $235,000 c. $310,000 d. $240,000

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