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1. Retail Company reported the following amounts on its 20B income statement: Purchases, $45,000; Beginning 20B inventory, $15,000; and Cost of goods sold, $50,000. What

1. Retail Company reported the following amounts on its 20B income statement: Purchases, $45,000; Beginning 20B inventory, $15,000; and Cost of goods sold, $50,000. What was the 20B ending inventory? A. $10,000 B. $25,000 C. $26,000 D. $27,000

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