Multiple Choice
For 2010, cost of goods available for sale for Tate Corporation was $900,000.The gross profit rate was 20%.Sales for the year were $800,000.What was the amount of the ending inventory?
A) $0.
B) $260,000.
C) $180,000.
D) $160,000.
Correct Answer:
Verified
Correct Answer:
Verified
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