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Find What is the amount of cost of goods sold

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Reference no: EM132937840

A company that uses the periodic inventory provides the following information:

1. Beginning Inventory $14,000
2. Net Purchases $92,000

Problem 1: At the end of the period, the physical count of inventory reveals that $10,000 of inventory is on hand. What is the amount of cost of goods sold?

A. 82,000

B. 96,000

C. 116,000

D. 92,000

Reference no: EM132937840

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