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Parkhaven Company has provided the following information for its most recent month of operation: sales $19,200, ending inventory $4,800, purchases $9,600 and gross profit $12,000.
Parkhaven Company has provided the following information for its most recent month of operation: sales $19,200, ending inventory $4,800, purchases $9,600 and gross profit $12,000. How much was Parkhaven's beginning inventory? a) $7,200. b) $2,400. c) $14,400. d) $21,600
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