Calculate kevins cost of goods sold for the year

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Reference no: EM13746802

Kevin owns a retail store, and during the current year he purchased $600,000 worth of inventory. Kevin’s beginning inventory was $65,000, and his ending inventory is $75,000. During the year, Kevin withdrew $15,000 in inventory for his personal use.

Use Part III of Schedule C below to calculate Kevin’s cost of goods sold for the year.

Reference no: EM13746802

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