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    Business
  3. Study Set
    College Accounting Study Set 1
  4. Exam
    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
  5. Question
    If Beginning Inventory Is $6,000,ending Inventory Is $3,000,net Purchases Are
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If Beginning Inventory Is $6,000,ending Inventory Is $3,000,net Purchases Are

Question 3

Question 3

Multiple Choice

If beginning inventory is $6,000,ending inventory is $3,000,net purchases are $12,000 and Freight-in is $400,what is the Cost of Goods Sold?


A) $17,400
B) $17,000
C) $15,400
D) $14,000

Correct Answer:

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