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Reading 35: Inventories - LOS c, (Part 1) ~ Q27

Q27. An analyst provided the following information about a company:

§         Purchases throughout the year         $55,000

§         COGS                                            $60,000

§          Ending inventory                             $35,000

The beginning inventory was:

A)   $45,000.

B)   $55,000.

C)   $40,000.

 c

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d

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