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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
  5. Question
    Coleman Company Has Provided the Following Information: Beginning Inventory,$100,000;cost of Goods
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Coleman Company Has Provided the Following Information: Beginning Inventory,$100,000;cost of Goods

Question 2

Question 2

Multiple Choice

Coleman Company has provided the following information: beginning inventory,$100,000;cost of goods sold,$450,000;and ending inventory,$80,000.How much were Coleman's inventory purchases?


A) $450,000.
B) $410,000.
C) $430,000.
D) $420,000.

Correct Answer:

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