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QUESTION

The following relate to Data Original in 2012. What is the ending inventory?

The following relate to Data Original in 2012. What is the ending inventory?

Purchases                                          $540,000

Beginning Inventory                              80,000

Purchase Returns                                 10,000

Sales                                                 800,000

Cost of Goods Sold                            490,000 a.$120,000

b.$140,000

c.$210,000

d.$260,000

e.none of the answers are correct

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