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$5$points

Time Remaining $2$ hours $44$ minutes $56$ seconds

$02$:$44$:$56$

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Item $1$

Time Remaining $2$ hours $44$ minutes $56$ seconds

$02$:$44$:$56$

At the beginning of the year, Freye Incorporated reports inventory of $$7,600.$ During the year, the company purchases additional inventory for $$22,600.$ At the end of the year, the cost of inventory remaining is $$9,600.$ Calculate cost of goods sold for the year.