A Company Provided the Following Data: Sales,$500,000;beginning Inventory,$40,000;ending Inventory,$45,000;and Gross
Multiple Choice
A company provided the following data: sales,$500,000;beginning inventory,$40,000;ending inventory,$45,000;and gross profit,$150,000.What was the amount of inventory purchased during the year?
A) $385,000.
B) $355,000.
C) $345,000.
D) $145,000.
Correct Answer:
Verified
Correct Answer:
Verified
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