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Question: Russell Retail Group begins the year with inventory of $45,000 and ends the year with inventory of $35,000. During the year, the company has four purchases for the following amounts.

Purchase on February 17 $200,000

Purchase on May 6 120,000

Purchase on September 8 150,000

Purchase on December 4 400,000

Required: Calculate cost of goods sold for the year.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92329693

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