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Shockglass Company had a beginning inventory of $16,000. During the year, the company recorded inventory purchases of $55,000 and a cost of goods sold of

Shockglass Company had a beginning inventory of $16,000. During the year, the company recorded inventory purchases of $55,000 and a cost of goods sold of $52,000.

The ending inventory [{Blank}].

  1. $28,000
  2. $27,000
  3. $19,000
  4. $26,000

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