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Murphy co is a high- end retailer of fine fashions for men

Question - Murphy Co. is a high- end retailer of fine fashions for men. Murphy's inventory balance at the beginning of the year is $ 300,000, and Murphy purchases $ 600,000 of goods during the year. Its inventory balance at the end of the year is $ 250,000. What is the cost of goods sold for the year?

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Accounting Basics: Murphy co is a high- end retailer of fine fashions for men

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