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Finally - Beginning Inventory $ 50,000 Purchases 300,000...

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Finally, the estimated cost of goods sold is subtracted from the cost of goods available  for sale to estimate the value of inventory.
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Unformatted text preview: Beginning Inventory $ 50,000 Purchases 300,000 Cost of Goods Available for Sale 350,000 Less: Cost of Goods Sold (325,000) Ending Inventory $ 25,000...
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