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A firm's gross profit on net sales is 35%. The firm had net sales of $400,000 and net cost of purchases of $280,000. If the

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A firm's gross profit on net sales is 35%. The firm had net sales of $400,000 and net cost of purchases of $280,000. If the beginning inventory was $40,000, how much was the ending Inventory? Mutiple Choice $20,000 340.000 $100,000 None of the other tratives are correct $60.000

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