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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 4: Accounting for Merchandising Businesses
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    During the Current Year,Gomez Co
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During the Current Year,Gomez Co

Question 81

Question 81

Multiple Choice

During the current year,Gomez Co.had beginning inventory of $2,400 and ending inventory of $1,200.The cost of goods sold was $9,600.What is the amount of inventory purchased during the year?


A) $8,400
B) $9,600
C) $10,800
D) $13,200

Correct Answer:

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