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In April, Walston Enterprises had the following results:
Beginning Finished Goods Inventory $17,400
Ending Finished Goods Inventory $25,400
Sales $965,000
Gross Margin $450,000
Question 1: How much is Cost of Goods sold for April?
Option 1: $458,000
Option 2: $515,000
Option 3: $507,000
Option 4: $423,000
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