Multiple Choice
In the trial balance of a firm's accounting records, Inventory has a balance of $40 000 and Purchases has a balance of $1 000 000. The count of ending inventory is $50 000. Cost of sales is:
A) $1 040 000
B) $1 050 000
C) $ 990 000
D) $ 910 000
Correct Answer:
Verified
Correct Answer:
Verified
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