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If the cost of goods sold is $ 9 6 , 0 0 0 , beginning merchandise inventory is $ 8 , 0 0 0

If the cost of goods sold is $96,000, beginning merchandise inventory is $8,000, and merchandise purchases are $110,000, then the ending merchandise inventory must be:
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$6,000.
$22,000.
$8,000.
$88,000.
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