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company's beginning inventory is $ 3 5 comma 0 0 0 $ 3 5 , 0 0 0 , net purchases total $ 3 4

 company's beginning inventory is $ 35 comma 000$35,000, net purchases total $345,000, and net sales are $700,000. With a normal gross profit rate of 70% of sales (cost of goods sold =3030%), how much is ending inventory? 

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