(Answered) Question hanover clothing reported cost of goods sold of

Accounting

Question: Hanover Clothing reported cost of goods sold of $2,600,000 this year. The inventory account increased by $130,000 during the year to an ending balance of $445,000. What was the cost of merchandise that Hanover's purchased during the year?

$2,470,000.

$2,730,000.

$3,045,000.

$2,155,000.

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