If $6,000 was the beginning inventory, purchases were $10,000, and sales were $7,000, how much was the ending inventory last accounting period? a. $9,000 b. $6,000 c. $0 d. $3,000
If $6,000 was the beginning inventory, purchases were $10,000, and sales were $7,000, how much was the ending inventory last accounting period? a. $9,000 b. $6,000 c. $0 d. $3,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How much was the ending inventory last accounting period?
Transcribed Image Text:If $6,000 was the beginning inventory,
purchases were $10,000, and sales were
$7,000, how much was the ending
inventory last accounting period?
a. $9,000
b. $6,000
c. $0
d. $3,000
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