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Gomez Co. had beginning inventory of $1,700 and ending inventory of $1,300. The cost of goods sold was $4,100. Based on this information, Gomez Co.
Gomez Co. had beginning inventory of $1,700 and ending inventory of $1,300. The cost of goods sold was $4,100. Based on this information, Gomez Co. must have purchased inventory amounting to:
Multiple Choice
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$5,400.
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$4,100.
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$3,700.
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$7,100.
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