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Sheridan's Beginning Inventory Is $140,000,goods Purchased During the Period Cost

Question 40

Multiple Choice

Sheridan's beginning inventory is $140,000,goods purchased during the period cost $480,000,and the cost of goods sold for the period is $560,000.What is the amount of its ending inventory?


A) $180,000
B) $80,000
C) $100,000
D) $60,000

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