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Johnson Company Had Beginning Inventory of $1,000,000 and Ending Inventory

Question 34

Multiple Choice

Johnson Company had beginning inventory of $1,000,000 and ending inventory of $1,200,000.Johnson has determined inventory carrying cost to be 25 percent.Johnson's inventory carrying cost was:


A) $250,000.
B) $275,000.
C) $300,000.
D) $500,000.

Correct Answer:

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