Multiple Choice
Anthony's Shoe Company uses a perpetual inventory system.The beginning balance in its Inventory account is $1,500,and the ending balance is $1,000.Cost of goods sold is $6,500.What was the amount of inventory purchased during the year?
A) $500
B) $6,000
C) $7,000
D) $7,500
Correct Answer:
Verified
Correct Answer:
Verified
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