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  3. Study Set
    Fundamental Financial Accounting Concepts
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    Exam 5: Accounting for Inventories
  5. Question
    Taylor CoHad Beginning Inventory of $400 and Ending Inventory of $600
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Taylor CoHad Beginning Inventory of $400 and Ending Inventory of $600

Question 73

Question 73

Multiple Choice

Taylor Co.had beginning inventory of $400 and ending inventory of $600.Taylor Co.had cost of goods sold amounting to $1,800.Based on this information,Taylor Co.must have purchased inventory amounting to:


A) $1,600
B) $2,800
C) $2,000
D) $2,400

Correct Answer:

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