Multiple Choice
A company reported the following information for its most recent year of operation: purchases,$100,000;beginning inventory,$20,000;and cost of goods sold,$110,000.How much was the company's ending inventory?
A) $10,000.
B) $20,000.
C) $15,000.
D) $30,000.
Correct Answer:
Verified
Correct Answer:
Verified
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