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If $6,000 was the beginning inventory, purchases were $10,000, and sales were $7,000, what would the ending inventory be? A. 9,000 B. 6,000 C. O D. 3,000

If $6,000 was the beginning inventory, purchases were $10,000, and sales were $7,000, what would the ending inventory be? A. 9,000 B. 6,000 C. O D. 3,000

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter13: Accounting For Merchandise Inventory
Section: Chapter Questions
Problem 1CE: LO1 If the ending inventory is overstated by 10,000, indicate what, if anything, is incorrect about...
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What would the ending inventory be ??

If $6,000 was the beginning inventory, purchases were $10,000, and sales were $7,000, what would the ending inventory be? A. 9,000 B. 6,000 C. O D. 3,000
Transcribed Image Text:If $6,000 was the beginning inventory, purchases were $10,000, and sales were $7,000, what would the ending inventory be? A. 9,000 B. 6,000 C. O D. 3,000
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