Question: Given the following inventory data, calculate the COGS for the period: Beginning Inventory: $5,000 Purchases: $12,000 Ending Inventory: $4,000 Requirements : Calculate the Cost of

Given the following inventory data, calculate the COGS for the period:

Beginning Inventory: $5,000

Purchases: $12,000

Ending Inventory: $4,000

Requirements: Calculate the Cost of Goods Sold using the provided inventory data.

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