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Question 4 (1 point) From the following figures, what must the value of the ending inventory be? Purchases $505,000 Sales 950,000 Freight-In 5,000 Purchases
Question 4 (1 point) From the following figures, what must the value of the ending inventory be? Purchases $505,000 Sales 950,000 Freight-In 5,000 Purchases Returns and Allowances 10,000 Sales Returns and Allowances 17,000 Beginning Inventory 450,000 Cost of Goods Sold 451,000 $499,000 $509,000 $494,000 $504,000
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
