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Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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
Transcribed Image Text:Cirque Manufacturing started the year with $275,000 in
beginning inventory. During the year, Cirque purchased an
additional $890,000 in inventory. At the end of the year,
Cirque employees performed a physical count and
determined that the ending inventory amounted to
$315,000.
What was Cirque's cost of goods sold for the year?
a. $850,000
b. $890,000
c. $915,000
d. $735,000
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