ABC Company had the following inventory information: Beginning inventory: 500 units at $10 per unit Purchases: 1,000 units at $12 per unit Sales: 800 units Ending inventory: 700 units Calculate the cost of goods sold for ABC Company.
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ABC Company had the following inventory information:
Beginning inventory: 500 units at $10 per unit
Purchases: 1,000 units at $12 per unit
Sales: 800 units
Ending inventory: 700 units
Calculate the cost of goods sold for ABC Company.
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