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Creek Company had ending inventory of $60,000, inventory purchases of $400,000, inventory returns of $50,000, inventory purchase discounts of $25,000, beginning accounts payable of $200,000,
Creek Company had ending inventory of $60,000, inventory purchases of $400,000, inventory returns of $50,000, inventory purchase discounts of $25,000, beginning accounts payable of $200,000, ending accounts payable of $100,000 and cost of goods sold of $450,000. What is beginning inventory?
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