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What amount would madison report for cost of goods sold

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Reference no: EM133015618

Question - Madison Outlet has the following inventory transactions for the year:

Date Transaction Numbers of Units Unit Cost Total cost

Jan. 1 Beginning inventory 10 $ 200 $ 2,000

Mar. 14 Purchase 15 300 4,500

$ 6,500

Jan. 1 - Dec. 31 Total sales to customers 12

What amount would Madison report for cost of goods sold?

Reference no: EM133015618

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