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Assume that Pineapple Company uses a periodic inventory system and has these account balances: Net Purchases of $583,000; beginning inventory of $45,000; cost of goods
Assume that Pineapple Company uses a periodic inventory system and has these account balances: Net Purchases of $583,000; beginning inventory of $45,000; cost of goods sold of $573,000; and net sales of $550,000. What is the ending inventory balance?
Select one: a. $65,000 b. $78,000 c. $55,000 d. $222,000
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