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A firm had a beginning inventory of $7,500, purchases totaled $42,000, and sales were $36,000. What is the ending inventory? A) $13,500 B) $28,500 C) $49,500 D) $71,500 solve this Accounting problem

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Question

A firm had a beginning inventory of $7,500, purchases totaled $42,000, and sales were $36,000. What is the ending inventory? A) $13,500 B) $28,500 C) $49,500 D) $71,500 solve this Accounting problem

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