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James Corp. uses the periodic inventory system. Its beginning inventory was $ 1 7 , 0 0 0 , purchases of inventory for the year

James Corp. uses the periodic inventory system. Its beginning inventory was $17,000, purchases of inventory for the year were $55,000, and the cost of goods sold for the year was $33,000. What was the firm's year-end inventory?
$39,000.00
$22,000.00
$88,000.00
$72,000.00
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