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Georgia Company's Beginning and Ending Inventory Amounts Were $150,000 and $140,000

Question 125

Multiple Choice

Georgia Company's beginning and ending inventory amounts were $150,000 and $140,000, respectively. Cost of goods sold was $670,000. Georgia Company purchased of inventory.


A) $660,000
B) $680,000
C) $670,000
D) an indeterminable amount

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