Multiple Choice
For last month, Perma Corp.'s cost of goods sold and ending inventory were $100,000 and $150,000 respectively.Assuming Perma had neither purchases nor returns during the month, what was the cost of its beginning inventory?
A) $50,000
B) $150,000
C) $250,000
D) Cannot be determined from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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