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    Financial Accounting
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    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
  5. Question
    How Much Was Ending Inventory When Sales Revenue Was $500,000,purchases
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How Much Was Ending Inventory When Sales Revenue Was $500,000,purchases

Question 67

Question 67

Essay

How much was ending inventory when sales revenue was $500,000,purchases were $310,000,beginning inventory was $22,000,and gross profit was $200,000.

Correct Answer:

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Beginning inventory,$22,000 + ...

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