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What was cost of goods sold for silas

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Reference no: EM132824837

Silas sold goods with a total selling price of $800,000 during the year. It purchased goods for $380,000 and had beginning inventory of $67,000. A count of its ending inventory determined that goods on hand was $50,000.

Problem 1: What was its cost of goods sold?

Reference no: EM132824837

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