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ABC began the year with $250,000 of inventory. During the year they purchased $1,000,000 of additional inventory. The cost of goods sold for the year
ABC began the year with $250,000 of inventory. During the year they purchased $1,000,000 of additional inventory. The cost of goods sold for the year was $1,100,000. Given this information, what was ABC's ending inventory at the end of the year?
| $250,000 | ||
| $100,000 | ||
| $350,000 | ||
| $150,000 |
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