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Tulsa Company, (a merchandising co.) has the following data pertaining to the year ended December...

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Accounting

Tulsa Company, (a merchandising co.) has the following data pertaining to the year ended December 31, 2019: (CPA adapted)

Purchases $450,000

Beginning inventory 170,000

Ending inventory 210,000

Freight-in 50,000

Freight-out 75,000

What is the cost of goods sold for the year?

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