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A company is closing out the accounting period. The inventory balance at the beginning of the period was $222,750, and at the end of the period it was $215,600. Purchases of goods for resale during the period equaled $682,500. What was the cost of goods sold total?
$905,250
$682,500
$689,650
$675,350
Calculate the amounts of the adjusting entries and enter them in the adjustments column.
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