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Calculate the cost of goods sold using the given information

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Problem 1: The Wagner corporation in 2015 had sales of 500,000.00, a beginning inventory of 180,000.00, an ending inventory of 95,000.00, freight-out of 45,000.00 and purchases of 215,000.00. Using the given information calculate the cost of goods sold.

a) 345,000.00
b) 300,000.00
c) 310,000.00
d) 440,000.00

 

Reference no: EM132918855

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