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Calculate the amount of cost of goods sold

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Question - The 20X5 records of Western Company showed beginning inventory, $100,000; purchases $550,000; and ending inventory, $200,000. The amount of cost of goods sold to be reported in the Income Statement of 20X5 is:

$250,000

$350,000

$450,000

$150,000

$550,000

Reference no: EM131719021

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