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If a Firm's Beginning Inventory Is $35,000,goods Purchased During the Period

Question 1

Multiple Choice

If a firm's beginning inventory is $35,000,goods purchased during the period cost $120,000,and the cost of goods sold for the period is $140,000,what is the amount of the ending inventory?


A) $45,000
B) $20,000
C) $25,000
D) $15,000

Correct Answer:

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