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Smithers Amusement Machines Has Cost of Goods Sold of $100,000

Question 50

Multiple Choice

Smithers Amusement Machines has cost of goods sold of $100,000 and ending inventory of $150,000. If Smithers had no purchases and no returns, what was the cost of its beginning inventory?


A) $50,000
B) $250,000
C) $150,000
D) $100,000

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