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Beginning inventory was $4,000, purchases totaled $22,000, and sales were $20,000. What is the ending inventory? A) $2,000 B) $4,000 C) $6,000 D) $8,000

Beginning inventory was $4,000, purchases totaled $22,000, and sales were $20,000. What is the ending inventory? A) $2,000 B) $4,000 C) $6,000 D) $8,000

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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What is the ending inventory?

Beginning inventory was $4,000, purchases totaled $22,000, and sales were $20,000. What is the ending inventory? A) $2,000 B) $4,000 C) $6,000 D) $8,000
Transcribed Image Text:Beginning inventory was $4,000, purchases totaled $22,000, and sales were $20,000. What is the ending inventory? A) $2,000 B) $4,000 C) $6,000 D) $8,000
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