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What is the cost of goods sold on the sale

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Question - Shirty's Co. purchases and resells T-shirts. On April 1st, 2013, the company purchased ten T-shirts for $7 each and sells 7 for $10 each. What is the cost of goods sold on the sale?

a. $70

b. $100

c. $49

d. $30

Reference no: EM132023772

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