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Flag corporation had beginning inventory of 2 3 , 0 0 0 and ending inventory of 2 7 , 0 0 0 . Its net

Flag corporation had beginning inventory of

23, 000

and ending inventory of

27, 000 .

Its net sales were

200000

and net purchases were

78000 .

Cost of goods sold for the period was

74000 .

What is Flag's rate of inventory?

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