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A company's beginning inventory is $35,000, net purchases total $294,000, and net sales are $750,000. With a normal gross profit rate of 70% of sales
A company's beginning inventory is $35,000, net purchases total $294,000, and net sales are $750,000. With a normal gross profit rate of 70% of sales (cost of goods sold = 30%), how much is ending inventory? Ending inventory is $ D
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