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    Financial Accounting Information for Decisions Study Set 2
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    Exam 13: Analyzing and Interpreting Financial Statements
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    Zhang Company Reported Cost of Goods Sold of $835,000, Beginning
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Zhang Company Reported Cost of Goods Sold of $835,000, Beginning

Question 123

Question 123

Multiple Choice

Zhang Company reported Cost of Goods Sold of $835,000, beginning Inventory of $37,200 and ending Inventory of $46,300. The average Inventory amount is:


A) $37,200.
B) $46,300.
C) $83,500.
D) $41,750.
E) $9,100.

Correct Answer:

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