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Beginning inventory is $40,000. Purchases of inventory during the year are $200,000. Ending inventory is...

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Accounting

Beginning inventory is $40,000. Purchases of inventory during the year are $200,000. Ending inventory is $100,000. What is cost of goods sold?

Group of answer choices D) $140,000. A) $340,000. B) $240,000. C) $260,000.

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