Multiple Choice
The Ocho Co.had a beginning inventory of $25,000 and an ending inventory of $40,000.Its Cost of Goods Sold for the year was $485,000.What was the amount of purchases that it made for the year?
A) $470,000
B) $500,000
C) $525,000
D) $530,000
Correct Answer:
Verified
Correct Answer:
Verified
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