DE19-9 Link Back to Chapter 5. Refer to Exhibit 19-9 on page 765. What would be Apex's

Question:

DE19-9 Link Back to Chapter 5. Refer to Exhibit 19-9 on page 765. What would be Apex's beginning inventory if revenues, purchases and freight-in, and ending inventory are all the same as in Exhibit 19-9, but gross profit is $45,000 rather than $43,500?

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