Computation of cost of goods sold using the given datausing

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Computation of cost of goods sold using the given data.

Using the following data, compute cost of goods sold.

Inventory, December 31

$45,000

Inventory, January 1

52,000

Cash, December 31

10,000

Purchases during the year

255,000

Sales during the year

480,000

 

Reference no: EM13356000

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