At the end of FY2020, our company reported $100kin Inventory. Over FY2021, we spent another $70kpurchasing Inventory. At the end of FY2021, we reported $80kin Inventory on our Balance Sheet. What was our company's Cost of Goods Sold for FY2021? (a) $70k(b) $90k(c) $110k(d) Not enough information without inventory costing mehod (FIFO, LIFO, etc.) (e) None of the above.

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