Computation of cost of goods sold using the provided data

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Reference no: EM1311725

Computation of cost of goods sold using the given data.

Using the following data, compute cost of goods sold.

Inventory, December 31	$45,000
Inventory, January 1	52,000
Cash, December 31	10,000
Purchases during the year	255,000
Sales during the year	480,000

Reference no: EM1311725

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