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    Financial Accounting Study Set 31
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    The Inventory Account Balance Appearing in a Perpetual Inventory Worksheet
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The Inventory Account Balance Appearing in a Perpetual Inventory Worksheet

Question 52

Question 52

Multiple Choice

The Inventory account balance appearing in a perpetual inventory worksheet represents the


A) ending inventory.
B) beginning inventory.
C) cost of merchandise purchased.
D) cost of merchandise sold.

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