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Cruz Inc uses the perpetual inventory system. At the beginning of the quarter, Cruz Inc has $98,958 in inventory. During the quarter the company purchases

Cruz Inc uses the perpetual inventory system. At the beginning of the quarter, Cruz Inc has $98,958 in inventory. During the quarter the company purchases $21,579 of new inventory from a vendor, returned $5,504 of inventory to the vendor, and took advantage of discounts from the vendor of $500. The cost of goods sold for the quarter amounted to 43,903.

Calculate Ending Inventory.

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