What was cost of goods sold for the year, Marketing Management

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What was cost of goods sold for the year

Problem

During the year ended December 31, 2020, The Zuckerberg Company purchased inventory for $500 and reported sales revenue of $1,000. There was no beginning inventory, and the ending inventory balance is $200. What was cost of goods sold for the year?

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Marketing Management: What was cost of goods sold for the year

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