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33. Cost of goods sold is $108,000, ending inventory is $12,000 and purchases is $100,000. What is beginning inventory? (1 Point) A) $20,000 B) $32,000
33. Cost of goods sold is $108,000, ending inventory is $12,000 and purchases is $100,000. What is beginning inventory? (1 Point) A) $20,000 B) $32,000 ) $120,000 D) $102,000 34. Purchase returns of merchandise decrease the liability to a creditor. (1 Point) Agree Disagree
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
4th Edition
1119577667, 978-1119577669
