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What is true of the cost of goods sold

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Reference no: EM132602910

Question 1: Desired ending inventory is? 10% less than beginning inventory. If purchases total? $65,000, what is true of the cost of goods sold?

Group of answer choices

Option 1: They will exceed purchases

Option 2: They will be less than purchases

Option 3: They will equal $65,000

Option 4: None of the above

Reference no: EM132602910

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