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Bright Pots and Pans Bright Pots and Pans had a beginning inventory of $240,000 at cost. During the month, Bright purchased and received $150,000 in
Bright Pots and Pans Bright Pots and Pans had a beginning inventory of $240,000 at cost. During the month, Bright purchased and received $150,000 in goods and had net sales of $280,000. Throughout the month, Bright maintained a 50% markup on all sales. Refer to Bright Pots and Pans. Compute the ending inventory at cost. $110,000 $140,000 $230,000 $250,000
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