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The records for Uptown Pet Shop showed the following: Sales Beginning merchandise inventory Purchases Cost of goods sold $75,000 $10,000 45,000 50,000 3. The ending

The records for Uptown Pet Shop showed the following:

Sales Beginning merchandise inventory Purchases Cost of goods sold

$75,000 $10,000 45,000 50,000

3. The ending merchandise inventory must have been

$5,000
$15,000
$25,000
$40,000

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