Multiple Choice
Axle Inc.updates its inventory perpetually.Its beginning inventory is $35,000,goods purchased during the period cost $120,000,and the cost of goods sold for the period is $140,000.What is the amount of the ending inventory?
A) $45,000
B) $20,000
C) $25,000
D) $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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