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Monty's sells budget-friendly fashions in a modern setting. It started its fiscal year with Merchandise Inventory of $24,500. During the year, purchases of $94,600 were
Monty's sells budget-friendly fashions in a modern setting. It started its fiscal year with Merchandise Inventory of $24,500. During the year, purchases of $94,600 were made. If COGS for the fiscal year amounted to $112,000, how much Merchandise Inventory did the company hold at year-end? Merchandise inventory $enter the amount of merchandise inventory in dollars
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