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Beginning Inventory Was $3,000,purchases Totaled $20,000 and Sales Were $17,000

Question 109

Multiple Choice

Beginning inventory was $3,000,purchases totaled $20,000 and sales were $17,000.What is the ending inventory? Assume gross profit is $0.

A) $2,000
B) $4,000
C) $6,000
D) $8,000

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