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Provide the following answer ( thank you) Assume the cost of goods available for sale during a year is $120,000. (Recall that cost of goods
Provide the following answer ( thank you)
Assume the "cost of goods available for sale" during a year is $120,000. (Recall that cost of goods available for sale is beginning inventory plus the cost of any purchases during the period.) The sales revenue for the year is $130,000, and the gross margin percentage is 20%. What is the amount of ending inventory? Round any answer to the nearest dollar. Do not use any dollars signs, negative signs, decimal points or commas in your answer (numbers only)
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