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Dane Stores begins the year with $ 3 0 , 0 0 0 of DVD inventory. It purchases DVDs worth $ 8 0 , 0

Dane Stores begins the year with $30,000 of DVD inventory. It purchases DVDs worth $80,000 during the year. The cost of goods sold for the year is $70,000. What is the amount of ending inventory?
Multiple Choice
$10,000
$40,000
$30,000
$20,000

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