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

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Delta Merchandising, Inc., has provided the following information for the year just ended: Net sales Beginning inventory Purchases Gross margin $128,500 $24,000 $80,000 $38,550 What was the ending inventory for the company at year-end? Multiple Choice $65,450 $24,500 $14.050 $9.950

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