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Alabama Company's Beginning and Ending Inventory Amounts Were $80,000 and $120,000

Question 23

Multiple Choice

Alabama Company's beginning and ending inventory amounts were $80,000 and $120,000, respectively. Cost of goods sold was $520,000. Alabama Company purchased of inventory.


A) $560,000
B) $480,000
C) $600,000
D) $520,000

Correct Answer:

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