Multiple Choice
If ABC's income statement showed cost of goods sold at $78,000,purchases of $80,000,freight-in at $300,purchases returns of $500 and end-of-the period inventory at $11,900,its beginning-of-the-period-inventory must have been:
A) $10,400
B) $10,100
C) $9,900
D) $9,200
Correct Answer:
Verified
Correct Answer:
Verified
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