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What is the amount of the cost of goods sold

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Problem - If a taxpayer has beginning inventory of $45,000, purchases of $175,000, and ending inventory of $25,000, what is the amount of the cost of goods sold for the current year?

a. $155,000

b. $180,000

c. $175,000

d. $195,000

e. None of the above

Reference no: EM132674527

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