Question: TKD Inc. started the year with $590,000 in beginning inventory. During the year, TKD Inc. purchased an additional $800,000 in inventory. At the end

TKD Inc. started the year with $590,000 in beginning inventory. During the

TKD Inc. started the year with $590,000 in beginning inventory. During the year, TKD Inc. purchased an additional $800,000 in inventory. At the end of the year, TKD Inc. employees performed a physical count and determined that ending inventory amounted to $500,000. What was TKD Inc.'s cost of goods sold for the year?

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