Multiple Choice
During the year Comer, Inc., had $200,000 in goods available for sale. At the end of the accounting period it had an ending inventory of $40,000. This reveals that it had sold all but ____ worth of the available goods.
A) $200,000
B) $160,000
C) $40,000
D) $20,000
E) $10,000
Correct Answer:
Verified
Correct Answer:
Verified
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