Question: A company has beginning inventory for the year of $11,500. During the year, the company purchases inventory for $140,000 and ends the year with $28,000

A company has beginning inventory for the year of $11,500. During

A company has beginning inventory for the year of $11,500. During the year, the company purchases inventory for $140,000 and ends the year with $28,000 of inventory. The company will report cost of goods sold equal to: Multiple Choice $156,500. $168,000. O $140,000 $123,500

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