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ABC, Inc has a beginning inventory of $12,000. During the year they purchase $150,000 more inventory. At the end of the year, they take a physical inventory and determine $20,000 is still there (ending inventory). What is ABC, inc’s cost of goods sold (CGS) for the year?
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ABC, Inc has a beginning inventory of $12,000. During the year they purchase $150,000 more inventory...
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