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The Lazy Company's cost of goods manufactured was $240,000 when its sales were $400,000 and its gross margin was $120,000. If the ending inventory of
The Lazy Company's cost of goods manufactured was $240,000 when its sales were $400,000 and its gross margin was $120,000. If the ending inventory of finished goods was $50,000, the beginning inventory of finished goods must have been: O $50,000 $10,000 O $210,000 O $90,000
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