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Bargain Inc

Question 68

Multiple Choice

Bargain Inc.'s beginning inventory is $20,000 and purchases for the year are $80,000.A physical inventory shows that $15,000 of the inventory remains at year end.How much is recorded as cost of goods sold for the year?


A) $75,000
B) $80,000
C) $85,000
D) $95,000
E) $105,000

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