Multiple Choice
If ABC's statement of earnings showed cost of goods sold at $78,000, purchases of $80,000, freight-in at $300, purchases returns of $500 and end-of-the period inventory at
$11,900, its beginning-of-the-period-inventory must have been:
A) $9,200
B) $9,900
C) $10,100
D) $10,400
Correct Answer:
Verified
Correct Answer:
Verified
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