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Miami Company's Beginning and Ending Inventory Amounts Were $80,000 and $120,000

Question 63

Multiple Choice

Miami Company's beginning and ending inventory amounts were $80,000 and $120,000, respectively.Cost of goods sold was $520,000.Miami Company purchased _____ of inventory.


A) $560,000
B) $520,000
C) $480,000
D) $600,000

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