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Help Beirut Company had net sales during the year of $1,000,000 of which 80% is credit sales and cost of goods sold of $600,000. The
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Beirut Company had net sales during the year of $1,000,000 of which 80% is credit sales and cost of goods sold of $600,000. The balance in accounts receivable at the beginning of the year was $100,000, and the average collection period is 40 days. What was the amount of ending inventory? 4:27 PMStep by Step Solution
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