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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
