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  3. Study Set
    Fundamentals of Financial Accounting
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    Exam 6: Internal Control and Financial Reporting for Cash and Merchandising Operations
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    If a Company's Ending Inventory Count Was $50,000,cost of Goods
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If a Company's Ending Inventory Count Was $50,000,cost of Goods

Question 141

Question 141

Multiple Choice

If a company's ending inventory count was $50,000,cost of goods sold was $27,000,and purchases were $56,000,its beginning inventory must have been:


A) $33,000.
B) $133,000.
C) $79,000.
D) $21,000.

Correct Answer:

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