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Madison Manufacturing's Ending Inventory Count Was $65,000,cost of Goods Sold

Question 129

Multiple Choice

Madison Manufacturing's ending inventory count was $65,000,cost of goods sold was $35,100,and purchases were $72,800,its beginning inventory must have been:


A) $42,900.
B) $172,900.
C) $102,700.
D) $27,300.

Correct Answer:

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