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For the year, your company's sales are $305,000, the gross profit is $250,000, and ending inventory is $75,000. If net purchases are $100,000, beginning inventory

For the year, your company's sales are $305,000, the gross profit is $250,000, and ending inventory is $75,000. If net purchases are $100,000, beginning inventory must have been: 1. $30,000 2. $55,000 3. $85,000 4. $120,000 4 2

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