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Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250). Beginning inventory for the

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Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250). Beginning inventory for the month was $60,000; purchases for the month were $175,000 and gross profit was 43%. What was the ending inventory for the month? Select one: A $175,000 B $60,000 C $64,000 D.$129,000

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