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Determine the Ending Inventory of a Business Having

Question 41

Short Answer

Determine the ending inventory of a business having:
Beginning Capital $6,000
Net sales of $50,000
Net purchases of $30,500
Freight-in of $2,000
Beginning inventory of $4,000
Ending Capital of $15,000
Operating expenses of $10,000
No additional investments or withdrawals.
$ ________

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