Business, 10.02.2020 21:35 durham953

At the beginning of the year, Johnson Supply has inventory of $5,200. During the year, the company purchases an additional $20,000 of inventory. An inventory count at the end of the year reveals remaining inventory of $3,000. What amount will Bennett report for cost of goods sold?

a. $8,200
b. $17,800
c. $20,000
d. $22,200

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At the beginning of the year, Johnson Supply has inventory of $5,200. During the year, the company p...

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