Multiple Choice
Saguaro Company updates its inventory perpetually.Its beginning inventory is $70,000,goods purchased during the period cost $240,000,and the cost of goods sold for the period is $280,000.What is the amount of the ending inventory?
A) $90,000
B) $40,000
C) $50,000
D) $30,000
Correct Answer:
Verified
Correct Answer:
Verified
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