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Your company had sales of $118751 this year and cost of goods sold of $76214. The company's depreciation was 8090, the Net Income was 21596.

Your company had sales of $118751 this year and cost of goods sold of $76214. The company's depreciation was 8090, the Net Income was 21596. Cash was 23774. Accounts Receivable was 11390 and Inventory was 3848 You forecast sales to increase to $144298 next year. Using the percent of sales method, forecast next years cost of goods sold?

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