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Acacia Company Had Inventory of $300,000 on December 31,20X1

Question 2

Multiple Choice

Acacia Company had inventory of $300,000 on December 31,20X1.Other information is as follows: ​
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Acacia Company had inventory of $300,000 on December 31,20X1.Other information is as follows: ​ ​ ​ ​ ​ What is the amount of Acacia's cost of goods sold for 20X1? A) $2,000,000 B) $1,600,000 C) $1,700,000 D) $1,800,000 E) None of the above ​
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What is the amount of Acacia's cost of goods sold for 20X1?


A) $2,000,000
B) $1,600,000
C) $1,700,000
D) $1,800,000
E) None of the above

Correct Answer:

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