Nokia Inc. reported beginning inventory of $90,000, ending inventory of $23,000, purchases of $128,000, purchase returns of $2,000, and transportation-in of $3,000. Calculate cost of goods sold.

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The Answer of Nokia Inc. reported beginning inventory of $90,000, ending inventory of $23,000, purchases of $128,000, purchase returns of $2,000, and transportation-in of $3,000. Calculate cost of goods sold.

Nokia Inc Reported Beginning Inventory of $90,000, Ending Inventory of $23,000