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What is sam cost of goods sold for the year

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Question - Sam owns a small cell phone store. He starts the year with $10,000 of inventory, purchases $150,000 during the year, has $240,000 of sales during the year, and ends the year with $15,000 of inventory. What is Sam's Cost of Goods Sold for the year?

A. $115,000

B. $135,000

C. $145,000

D. $160,000

E. $235,000

Reference no: EM132099209

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