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If Cost of Goods Sold Is $72,500 and the Beginning

Question 135

Multiple Choice

If Cost of Goods Sold is $72,500 and the beginning and ending Inventory balances are $9,000 and $6,500,respectively,inventory purchases for cash equal:


A) $72,500.
B) $70,000.
C) $75,000.
D) $66,000.

Correct Answer:

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