Multiple Choice
Powell Corp.'s Inventory balance at the end of 2009 and 20102 was $500,000 and $540,000, respectively. During 2010, Powell's cost of goods sold was $2,000,000. How much inventory did Powell buy during 2010?
A) $1,460,000
B) $1,540,000
C) $1,960,000
D) $2,000,000
E) $2,040,000
Correct Answer:
Verified
Correct Answer:
Verified
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