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Delta Merchandising, Inc., has provided the following information for the year just ended: Net sales: $128,500 Beginning inventory: $24,000 Purchases: $80,000 Gross margin: $38,550 The

Delta Merchandising, Inc., has provided the following information for the year just ended: Net sales: $128,500 Beginning inventory: $24,000 Purchases: $80,000 Gross margin: $38,550 The ending inventory for the company at year end was: $65,450. $24,500. $14,050. $9,950

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