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Sheridans beginning inventory is $29,000, goods purchased during the period cost $114,000, and the cost of goods sold for the period is $134,000. What is

Sheridans beginning inventory is $29,000, goods purchased during the period cost $114,000, and the cost of goods sold for the period is $134,000. What is the amount of its ending inventory?

Multiple Choice

  • $9,000

  • $39,000

  • $20,000

  • $19,000

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