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Wendling Company's Net Sales and Gross Profit Were $1,341,000 and $471,000

Question 43

Multiple Choice

Wendling Company's net sales and gross profit were $1,341,000 and $471,000 respectively.Assuming the cost of goods available were $1,084,00, what was the cost of Wendling's ending inventory?


A) $471,000
B) $214,000
C) $247,000
D) $870,000

Correct Answer:

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