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What is cost of goods sold for the month of march

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Problem 1: ABC Company had beginning inventory of $15,000 at March 1, 2014. During the month, the company made purchases of $50,000. The inventory at the end of the month is $16,200. What is cost of goods sold for the month of March?

Option 1: $67,300
Option 2: $48,800
Option 3: $55,000
Option 4: $52,300

Reference no: EM132711733

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