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Find and evaluate what is cost of goods sold

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Problem 1: If our beginning inventory is $50,000, purchases of inventory are $300,000, discounts for early payment are $3,000, delivery charges on goods sold are $4,000, and ending inventory is $40,000, what is our cost of goods sold? Assume the company uses a perpetual inventory system.

a) $311,000
b) $301,000
c) $297,000
d) $307,000

Reference no: EM132739573

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