Multiple Choice
Shockglass Company had a beginning inventory of $15,000.During the year,the company recorded inventory purchases of $45,000 and cost of goods sold of $50,000.The ending inventory must equal:
A) $10,000.
B) $25,000.
C) $26,000.
D) $27,000.
Correct Answer:
Verified
Correct Answer:
Verified
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