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QUESTION 5 Given the information listed below for the fiscal year 2019, determine beginning inventory A physical count indicated there was $30,000 of inventory on
QUESTION 5 Given the information listed below for the fiscal year 2019, determine beginning inventory A physical count indicated there was $30,000 of inventory on hand at December 31, 2019. Sales $315,000 Freight-In $6,000 Purchase Returns & Allowances $7,000 Sales Returns 10,000 Freight-Out 9,000 Purchase Discounts 5,000 Purchase 240,000 Gross Profit 80,000 Sales Discounts 1,000 A $24.000 B. $26,000 C.921,000 D.530,000 E $20,000
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