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Following are several items from Arbor Companys financial statements. Use this information to calculate the...

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Accounting

Following are several items from Arbor Companys financial statements. Use this information to calculate the amounts for the questions that follow.

Cost of goods sold $2,400

Sales revenue 8,600

Operating expenses 500

Income taxes 600

Dividends 400

Accounts receivable 800.

How much is inventory expense?

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