Short Answer
Determine the ending inventory of a business having:
Beginning Capital $6,000
Net sales of $60,000
Net purchases of $31,000
Freight-in of $2,000
Beginning inventory of $4,000
Ending Capital of $21,000
Operating expenses of $10,000
No additional investments or withdrawals.
$ ________
Correct Answer:
Verified
Correct Answer:
Verified
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