If beginning inventory is $200 and purchases are $800, which of the following could be true? a.

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If beginning inventory is $200 and purchases are $800, which of the following could be true?

a. Ending inventory is $400 and Cost of Goods Sold is $600.
b. Ending inventory is $800 and Cost of Goods Sold is $800.
c. Ending inventory is $200 and Cost of Goods Sold is $200.
d. Ending inventory is $200 and Cost of Goods Sold is $600.

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Fundamentals Of Financial Accounting

ISBN: 9781265440169

7th Edition

Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby

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If beginning inventory is $200 and purchases are $800, which of the following could be true? a.

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The cost of goods available for sale is the total cost of the opening balance of finished goods plus ...View the full answer

Fundamentals Of Financial Accounting

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