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Business, 21.08.2021 01:10 ajbrock1004

The following balances are from the December 31, 2021 unadjusted trial balance of Carlton Company: Inventory (1/1) $64,000 Sales 2,200,000 Sales returns and allowance 150,000 Purchases 1,450,000 Purchase returns and allowances 20,000 Purchase discounts 25,000 Freight-in 40,000 A physical inventory on December 31, found inventory equal to $230,000 on-hand. Carlton uses the periodic inventory method. What is cost of goods sold for 2021

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