A business reported the following information for its most recent year of operation: purchases, $111,000; beginning inventory,
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Question:
A business reported the following information for its most recent year of operation:
purchases, $111,000; beginning inventory, $25,500; and cost of goods sold, $121,000.
How much was the company's ending inventory?
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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