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    Fundamentals of Financial Accounting Study Set 4
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    Exam 7: Inventories and Cost of Goods Sold
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    The 2014 Records of Thompson Company Showed Beginning Inventory,$6,000;cost of Goods
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The 2014 Records of Thompson Company Showed Beginning Inventory,$6,000;cost of Goods

Question 60

Question 60

Multiple Choice

The 2014 records of Thompson Company showed beginning inventory,$6,000;cost of goods sold,$14,000;and ending inventory,$8,000.The cost of purchases was:


A) $12,000.
B) $10,000.
C) $9,000.
D) $16,000.

Correct Answer:

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